Cotton futures are trading with midday gains of 30 to 35 points at midday. Crude oil is up $5.09 on the day. The US dollar index is $0.685 higher at $99.410.
The Seam showed sales of 4,911 bales on March 23, averaging 66.47 cents/lb. The Cotlook A Index was down 40 points on Monday at 77.85 cents. ICE certified cotton stocks were unchanged on 3/23, with the certified stocks level at 115,640 bales. The Adjusted World Price was raised by 2.72 cents to 54.22 cents/lb last Thursday.
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May 26 Cotton is at 67.52, up 34 points,
Jul 26 Cotton is at 69.65, up 34 points,
Dec 26 Cotton is at 72.16, up 32 points
