Cotton prices are up 10 to 18 points. Futures closed the Friday session with contracts 25 to 40 points higher, as March posted a 74 point gain last week. Crude oil futures were $1.45 per barrel lower at $56.90. The US dollar index was up $0.054 to $97.735.
The 12/24 online auction from The Seam showed sales of 6,914 bales at an average price of 61.96 cents/lb. The Cotlook A Index was up 50 points on December 24 at 74.00 cents. ICE certified cotton stocks were steady on Wednesday with the certified stocks level at 11,600 bales. The Adjusted World Price remains at 49.99 cents/lb, after not being reported last week due to the government being closed for the holiday.
Mar 26 Cotton closed at 64.49, up 25 points, currently up 12 points
May 26 Cotton closed at 65.78, up 29 points, currently up 15 points
Jul 26 Cotton closed at 66.95, up 37 points, currently up 18 points
