Cotton futures are back up 59 to 69 points at Monday’s midday. Crude oil futures are up $1.28 per barrel on the day at $64.83. The US dollar index is down $0.626 to $96.880.
Spec traders were busy adding 6,717 contracts to their net short position in the week of 2/3, taking the total to 71,746 contracts net short in cotton futures and options.
The Seam showed sales on 3,066 bales sold on 2/6, averaging 58.61 cents/lb. The Cotlook A Index was back down 40 points on Friday at 72.80 cents. ICE certified cotton stocks rose another 18,564 February 6 with the certified stocks level at 93,561 bales. The Adjusted World Price was down another 42 points to 49.78 cents/lb last Thursday.
Mar 26 Cotton is at 61.65, up 59 points,
May 26 Cotton is at 63.73, up 69 points,
Jul 26 Cotton is at 65.47, up 64 points
