Cotton futures slip Wednesday, Jul 26 settles at 76.21 cents/lb

Cotton futures finished lower on Wednesday, with the Jul 26 contract settling at 76.21 cents per pound, down 73 points. The Dec 26 and Mar 27 contracts fell 62 points and 58 points, respectively. In external markets, crude oil jumped $4.32 and the U.S. dollar index rose 0.082, weighing on broader commodity sentiment. Seam sales totaled just 94 bales, while the Cotlook A Index rose 150 points to 87.30 cents and ICE certified stocks slipped to 184,939 bales, offering little price support.

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