Cotton futures are up 59 to 69 points at midday, with crude oil futures up $1.28 per barrel. Spec traders added 6,717 contracts to their net short position, totaling 71,746 contracts net short in cotton futures and options.

The Seam reported 3,066 bales sold on 2/6 at an average of 58.61 cents/lb. ICE certified cotton stocks rose by 18,564 bales on February 6, with certified stocks at 93,561 bales. The Adjusted World Price dropped 42 points to 49.78 cents/lb last Thursday.

Cotton prices for Mar 26, May 26, and Jul 26 are at 61.65, 63.73, and 65.47 respectively. Austin Schroeder did not have positions in the securities mentioned. The information and data provided in this article are solely for informational purposes.

Read more at Yahoo Finance: Cotton Bouncing Higher on Monday