Cotton futures closed the Wednesday session with contracts down 31 to 75 points. The US dollar index was $0.420 lower at $97.890. Crude oil was down $6.06 on the day following the US and Iran closing in on reaching a memorandum of understanding that would, among other things, allow for the safe passage through the Strait of Hormuz as well as a path to ending to conflict.

The Seam showed 7,483 bales sold on May 5 at an average of 79.55 cents/lb. The Cotlook A Index was up 75 points on Tuesday at 92.80 cents. ICE certified cotton stocks were up 1,760 bales on 5/5, with the certified stocks level at 181,952 bales. The Adjusted World Price was up another 40 points last week to 65.66 cents/lb. It is good through Thursday. 

May 26 Cotton  closed at 81.71, down 75 points,

Jul 26 Cotton  closed at 84.05, down 75 points,

Dec 26 Cotton  closed at 84.76, down 51 points

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