Cotton futures are in retreat mode from the early session gains, as contracts are up 3 to 5 points at midday. Crude oil futures are back down $1.26 per barrel at $55.87. The US dollar index is up $0.053 at $98.370.
The Tuesday online auction from The Seam showed sales of 61.13 cents/lb on 41,576 bales. The Cotlook A Index was up 65 points on January 6 at 74.70 cents. ICE certified cotton stocks were steady on 1/6 with the certified stocks level at 11,510 bales. The Adjusted World Price was updated to 50.76 cents/lb last week, up 74 points from the week prior.
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Mar 26 Cotton is at 65.09, up 3 points,
May 26 Cotton is at 66.46, up 3 points,
Jul 26 Cotton is at 67.79, up 5 points
