Cotton futures closed Thursday down 38 to 41 points, with Mar 26 Cotton at 63.91, May 26 Cotton at 65.52, and Jul 26 Cotton at 66.99. Crude oil futures were down 95 cents per barrel at $59.67, and the US dollar index was down $0.473 to $98.090. The Adjusted World Price was updated to 50.99 cents/lb, down 18 points from the week prior. The online auction from The Seam showed sales of 59.15 cents/lb on 17,692 bales, with the Cotlook A Index down 25 points to 74.55 cents. ICE certified cotton stocks were unchanged at 10,422 bales on 1/21. No positions in mentioned securities were held by Austin Schroeder on the publication date. This information is for informational purposes only.

Read more at Yahoo Finance: Cotton Falls into Thursday’s Close