Cotton futures closed out the Friday session with contracts up 13 to 14 points, as March was up just a point last week. Crude oil futures were down 2 cents/barrel on the day. The US dollar index was down 603 points on the day.

Commitment of Traders data showed spec funds adding 5,353 contracts to their net short in cotton as of 1/21 to 48,439 contracts.

The weekly Export Sales report showed cotton bookings totaling 348,927 RB in the week of January 26. That was a marketing year high and 10.33% above the previous week. Vietnam was the buyer of 94,500 RB, with 75,400 RB headed to Pakistan and 66,800 RB to Turkey. Shipments totaled 222,603 RB in that week, down 0.99% from the previous week. Pakistan was the buyer of 60,000 RB, with 47,800 RB headed to Vietnam.

The Seam reported 9,788 bales of online sales on January 23 at an average price of 58.52 cents/lb. ICE cotton stocks were unchanged on Thursday, at 218 bales of certified stocks. The Cotlook A Index was down 50 points on 1/23 at 77.60 cents/lb. The USDA Adjusted World Price (AWP) was down another 27 points from the previous week on Thursday afternoon at 53.71 cents/lb. 

Mar 25 Cotton  closed at 67.61, up 14 points, currently up 16 points

May 25 Cotton  closed at 68.67, up 13 points, currently up 19 points

Jul 25 Cotton  closed at 69.77, up 13 points, currently up 19 points