Cotton futures are showing steady trade on Tuesday, with nearby contracts down 1 point to 2 points higher. The outside factors were mixed, as the US dollar index is up 204 points, with crude oil $0.66/barrel higher.
November cotton exports (excluding linters) totaled 658,655 bales, which was up 14.92% from October and 18.07% above last year.
Commitment of Traders data showed spec funds adding another 4,162 contracts to their net short position as of 12/31 to 39,682 contracts.
The Seam reported 14,720 bales of online sales on January 6 at an average price of 61.67 cents/lb. ICE cotton stocks were unchanged on Monday, at 20,113 bales of certified stocks. The Cotlook A Index was down 100 points on 1/6 at 78.05 cents/lb. The USDA Adjusted World Price (AWP) was up 48 points from the previous week on Thursday at 55.03 cents/lb.
Mar 25 Cotton is at 68.67, down 1 points,
May 25 Cotton is at 69.84, up 2 points,
Jul 25 Cotton is at 70.86, up 1 points
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