Cotton Fades Lower into Friday’s Close

The Friday session concluded with cotton futures contracts falling by 50 to 70 points. July experienced a decline of 172 points this week, while new crop contracts were under less pressure, dropping by just 100 points. Crude oil prices saw an increase of $0.79 per barrel. The US dollar index rose by $0.111 to reach $100.840. According to the weekly CFTC report…