Cotton Futures Rise Amid Trade Talks

Cotton futures surged on November fourteenth, with gains ranging from thirty to thirty-six points, despite closing down from overnight highs. Crude oil futures also edged up slightly, while the US dollar index dipped. Positive market sentiment stemmed from constructive US-China negotiations, setting the stage for a Trump-Xi meeting. The Seam reported selling 679 bales of cotton at an average price of fifty-eight point nine-five cents per pound. The Cotlook A Index increased by twenty-five points, and certified cotton stocks held steady. December, March, and May cotton futures all closed higher, with gains of thirty-six, thirty-six, and thirty-five points, respectively.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.