Cotton futures posted gains of 88 to 94 points on Tuesday. The outside markets were mixed factors, as crude oil futures were down 43 cents/barrel. The US dollar index is providing the support, down 1.042 on the day.
The Seam reported 4,407 bales of online sales on February 3 at an average price of 59.81 cents/lb. ICE cotton stocks were unchanged on Monday, at 218 bales of certified stocks. The Cotlook A Index was down another 50 points on 2/3 at 76.80 cents/lb. The USDA Adjusted World Price (AWP) was back up 31 points from the previous week last Thursday afternoon at 54.02 cents/lb.
Mar 25 Cotton closed at 66.94, up 90 points,
May 25 Cotton closed at 68.05, up 94 points,
Jul 25 Cotton closed at 69.1, up 88 points
