Cotton futures are up 25 to 30 points on Friday, while crude oil futures have increased by 47 cents per barrel to $56.47. The US dollar index is also up by $0.197 to $98.285. Total export sale commitments are 5.72 million RB, down 16.53% from last year. Shipments have increased by 7.61% to 2.3 million RB during the marketing year.

The recent online auction from The Seam saw sales of 9,858 bales at an average price of 60.53 cents/lb. The Cotlook A Index rose by 30 points to 73.30 cents on 12/17, while ICE certified cotton stocks remained unchanged at 12,396 bales. The Adjusted World Price has been updated to 49.99 cents/lb, a 40 point decrease from last week.

Cotton prices for Mar 26, May 26, and Jul 26 are all up by 29, 27, and 25 points respectively. Austin Schroeder, the author, does not hold any positions in mentioned securities. The information provided is for informational purposes only and was originally published on Barchart.com.

Read more at Yahoo Finance: Cotton Posting Midday Gains on Friday