
Cotton price action is up 14 to 22 points across the front months on Friday morning. Futures saw strength on the Thursday session with contracts up 24 to 30 points at the close. Crude oil futures were up $1.21 per barrel on Thursday, with the US dollar index rising $0.295 to $98.370.
The Seam showed sales of just 21 bales on Tuesday, with an average price of 48..60 cents/lb. The Cotlook A Index was up 55 points at 79.30 on July 16. ICE cotton stocks saw 10,753 decertifications on July 16, with the certified stocks level at 23,481 bales. USDA’s Adjusted World Price (AWP) was up a tick on Thursday at 54.72 cents/lb.