Cotton End the Monday Session Higher
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Cotton futures increased by 20 to 36 points on Monday, with May 26 Cotton closing at 77.6, July 26 at 80.04, and December 26 at 80.76. The US dollar index fell to $97.845, while crude oil rose by $3.95. As of April 19, 11% of the US cotton crop was planted, surpassing the 5-year average of 10%. The Cotlook A Index rose by 75 points to 87.35 cents, and ICE certified cotton stocks increased by 2,600 bales to 164,967. The Adjusted World Price also saw a rise of 287 points to 61.61 cents/lb.
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