Cotton futures are up 25 to 45 points despite weaker outside markets, with crude oil futures lower at $57.22 per barrel. The US dollar index is up to $97.745. Export Sales data shows cotton export commitments at 6.183 million RB, 14% below last year and 54% of the USDA projection. The 12/24 online auction saw sales of 6,914 bales at an average price of 61.96 cents/lb. ICE certified cotton stocks remain steady at 11,600 bales. Cotton prices for Mar 26, May 26, and Jul 26 are all up between 27-41 points. Adjusted World Price dropped to 49.99 cents/lb.
Read more at Yahoo Finance: Cotton Posting Gains on Friday
