Cotton futures closed slightly higher on Wednesday, with contracts up 5 to 11 points. Crude oil futures dropped 10 cents to $61.05 per barrel, while the US dollar index fell $0.044 to $98.865. The Seam’s online auction on January 13 saw sales at 60.08 cents/lb on 14,042 bales. The Cotlook A Index rose 55 points to 75 cents, and ICE certified cotton stocks remained steady at 11,029 bales. The Adjusted World Price increased to 50.97 cents/lb. Mar 26 Cotton closed at 64.99, up 11 points, May 26 Cotton closed at 66.5, up 9 points, Jul 26 Cotton closed at 67.91, up 5 points. No positions in mentioned securities. Information for informational purposes only. Originally published on Barchart.com.

Read more at Yahoo Finance: Cotton Ends Wednesday with Slight Gains