Cotton Steady to at Thursday’s Midday

Group 1 - Cotton futures are experiencing slight gains, with December futures down 35 points [1] - Crude oil futures decreased by $0.26 per barrel to $58.99, while the US dollar index increased by $0.009 to $100.160 [1] - Export Sales data indicated 198,985 RB in cotton export business for the week of October 2, marking the third largest for the marketing year, with export shipments reaching a marketing year high of 157,757 RB [1] Group 2 - Managed money increased their net short position by 2,736 contracts as of September 30, holding a total net short of 64,740 contracts [2] Group 3 - The November 19 online auction from The Seam sold 5,724 bales at an average price of 58.96 cents per pound [3] - The Cotlook A Index rose by 35 points to 74.65 cents on November 19, while ICE certified cotton stocks remained steady at 20,344 bales [3] - The Adjusted World Price is currently at 51.83 cents per pound, with updates expected later [3] - December 25 Cotton is priced at 61.95 cents, down 35 points; March 26 Cotton is at 63.82 cents, up 4 points; May 26 Cotton is at 65.05 cents, up 2 points [3]