Cotton futures closed the Thursday session with contracts down 38 to 41 points in the nearbys. Crude oil futures were down 95 cents per barrel at $59.67. The US dollar index was down $0.473 to $98.090.
The Wednesday online auction from The Seam showed sales of 59.15 cents/lb on 17,692 bales. The Cotlook A Index was down 25 points on January 21 at 74.55 cents. ICE certified cotton stocks were unchanged on 1/21 with the certified stocks level at 10,422 bales. The Adjusted World Price was updated to 50.99 cents/lb on Thursday afternoon, down 18 points from the week prior.
