Cotton Slips Lower into Monday’s Close

Group 1 - Cotton futures experienced a decline on Monday, with contracts closing 1 to 14 points lower [1] - Crude oil futures increased by $1.43 per barrel, reaching $57.95 [1] - The US dollar index decreased by $0.317, settling at $97.935 [1] Group 2 - The USDA's Export Sales report indicated a total of 153,266 RB of cotton sold for the week ending December 4, marking a 3-week high but 10.19% lower than the same week last year [1] - Cotton shipments for that week were recorded at 101,577 RB, which is the lowest for the marketing year [1] Group 3 - The online auction from The Seam on December 19 reported sales of 18,183 bales at an average price of 59.38 cents per pound [2] - The Cotlook A Index remained steady at 73.30 cents on December 19 [2] - ICE certified cotton stocks were unchanged at 12,396 bales [2] Group 4 - The Adjusted World Price was updated to 49.99 cents per pound, reflecting a 40-point drop from the previous week [2] - March 26 Cotton closed at 63.61 cents, down 14 points; May 26 Cotton closed at 64.78 cents, down 6 points; July 26 Cotton closed at 65.85 cents, down 1 point [2]