Cotton Bulls Trying to Push Back on Thursday Morning

Price Movements - Cotton prices increased by 36 to 51 points on Thursday after experiencing losses of 27 to 61 points on Wednesday [1] - Crude oil futures decreased by $1.15 per barrel to $59.59 [1] - The US dollar index rose by $0.606 to 100.055 [1] Export Data - August cotton exports (excluding linters) reached 642,851 bales, marking a 10-year low for the month and a decline of 31.39% from July [1] Market Positioning - Managed money added 2,736 contracts to their net short position as of September 30, holding a net short of 64,740 contracts [2] Auction Results - The Tuesday online auction from The Seam reported 6,538 bales sold at an average price of 63.22 cents per pound [3] - The Cotlook A Index decreased by 10 points to 74.30 cents on November 14 [3] - ICE certified cotton stocks remained steady at 20,344 bales as of November 17 [3] - The Adjusted World Price was reported at 51.83 cents per pound [3] Futures Market - December 25 Cotton closed at 62.3 cents, down 27 points, but is currently up 51 points [3] - March 26 Cotton closed at 63.78 cents, down 61 points, currently up 41 points [3] - May 26 Cotton closed at 65.03 cents, down 54 points, currently up 36 points [3]