Cotton price action is up 10 to 15 points so far on Thursday. Futures gave into weakness on Wednesday, with contracts 2 to 7 points lower as some 2026 crop contracts were up 4 to 9 points. Crude oil futures were up 31 cents per barrel at $60.67. The US dollar index is up $0.146 to $98.585.
The Tuesday online auction from The Seam showed sales of 61.10 cents/lb on 25,238 bales. The Cotlook A Index was unchanged on January 20 at 74.80 cents. ICE certified cotton stocks were down 607 bales on 1/20 via decertification with the certified stocks level at 10,422 bales. The Adjusted World Price was updated to 51.17 cents/lb last Thursday, up 20 points from the week prior.
Mar 26 Cotton closed at 64.3, down 4 points, currently up 15 points
May 26 Cotton closed at 65.92, down 4 points, currently up 13 points
Jul 26 Cotton closed at 67.4, down 3 points, currently up 12 points
