Cotton Closes with Strength on Tuesday

Group 1: Cotton Market Performance - Cotton futures experienced a strong trading session, closing 40 to 45 points higher [1] - The Tuesday Export Sales report indicated a marketing year high of 304,689 RB of cotton sold for the week of December 11, marking the largest sales since February [1] - Shipments improved to 134,371 RB, reaching a 5-week high [1] Group 2: Futures and Options Data - The CFTC's updated commitment of Traders report revealed an addition of 180 contracts to the managed money net short position in cotton futures and options, resulting in a net short of 54,833 contracts for the week of December 16 [2] Group 3: Auction and Price Updates - The online auction from The Seam on December 22 recorded sales of 12,794 bales at an average price of 59.15 cents per pound [3] - The Cotlook A Index increased by 40 points to 73.70 cents on December 22 [3] - ICE certified cotton stocks decreased by 796 bales, with the current certified stocks level at 11,600 bales [3] - The Adjusted World Price was updated to 49.99 cents per pound, reflecting a 40-point drop from the previous week [3] - March 26 Cotton closed at 64.01, up 40 points; May 26 Cotton closed at 65.2, up 42 points; July 26 Cotton closed at 66.27, up 42 points [3]