Cotton prices are back down 16 to 20 points on Thursday. Futures settled the Wednesday session with contracts ticking 5 to 11 points higher. Crude oil futures were down 10 cents per barrel at $61.05. The US dollar index was down $0.044 at $98.865.
The January 13 online auction from The Seam showed sales of 60.08 cents/lb on 14,042 bales. The Cotlook A Index was up 55 points on 1/13 at 75 cents. ICE certified cotton stocks were unchanged on Tuesday with the certified stocks level at 11,029 bales. The Adjusted World Price was updated to 50.97 cents/lb on Thursday afternoon, up 21 points from the week prior.
Mar 26 Cotton closed at 64.99, up 11 points, currently down 19 points
May 26 Cotton closed at 66.5, up 9 points, currently down 18 points
Jul 26 Cotton closed at 67.91, up 5 points, currently down 16 points
