Cotton futures are 10 to 20 points higher so far on the Thursday session. Crude oil is rallying $7.77 at midday to 95.01, with the US dollar index up $0.400 to 99.625.
Export Sales data showed 253,177 RB of cotton sold in the week ending on March 5, back from the week prior and 4.84% above the same week last year. Shipments were the largest since last May at 370,131 RB in the first week of March.
January cotton export excluding linters from Census were pegged at 927,984 bales, the lowest since 2016.
The Cotlook A Index was up 55 points on March 11 at 75.75 cents. The Seam showed sales on 1,838 bales on 3/11, averaging 61.44 cents/lb. ICE certified cotton stocks were down 1,936 bales on Wednesday via decertification, with the certified stocks level at 119,517 bales. The Adjusted World Price was trimmed by 40 points last Thursday to 51.44 cents/lb.
May 26 Cotton is at 65.27, up 10 points,
Jul 26 Cotton is at 67.25, up 17 points,
Oct 26 Cotton is at 69.04, up 16 points
