Cotton price action is showing gains of 60 to 81 points so far on Thursday morning. Futures clawed back some of the Tuesday losses on the midweek session, with contracts up 30 to 43 cents.  The outside markets were be mixed factors with pressure coming from crude oil futures, down $1.87/barrel. The US dollar index was supportive, falling another $1.417 on the day and is the lowest since the beginning of November.

The Tuesday online auction from The Seam showed 2,288 bales sold, with an average price of 58.25 cents/lb. The Cotlook A Index was back up 25 points on 3/4 at 76.25 cents/lb. ICE cotton stocks were up another 1,118 bales on March 4 with the current level of certified stocks at 13,771 bales. The USDA cut back their Adjusted World Price (AWP) on Thursday afternoon by 78 points to 53.89 cents/lb. It will be updated later tomorrow.

Mar 25 Cotton  closed at 62.36, up 32 points, currently unch 

May 25 Cotton  closed at 63.67, up 43 points, currently up 80 points

Jul 25 Cotton  closed at 64.87, up 35 points currently up 75 points