Cotton Rallying Higher on Monday

Market Overview - Cotton futures are experiencing gains of 63 to 68 points in the nearby contracts on Monday [1] - Crude oil futures have increased by 92 cents per barrel, reaching $58.24, following the US capture of Venezuela President Maduro [1] - The US dollar index decreased by $0.098, settling at $98.060 [1] Cotton Export and Sales Data - The USDA's Export Sales report indicates a total of 133,996 RB of cotton sold for the week ending on December 25 [1] - Cotton shipments were recorded at 140,723 RB, showing a decline from the previous week [1] Auction and Price Information - The Seam's online auction reported sales of 4,796 bales on January 2, with an average price of 57.81 cents per pound [2] - The Cotlook A Index remained steady at 74.30 cents on Friday [2] - ICE certified cotton stocks were stable at 11,510 bales as of January 2 [2] - The Adjusted World Price was updated to 50.76 cents per pound, reflecting an increase of 74 points from the prior week [2] - The LDP rate is currently at 1.24 cents [2] Cotton Futures Prices - March 26 Cotton is priced at 64.69, up 68 points [2] - May 26 Cotton is priced at 66.03, up 66 points [2] - July 26 Cotton is priced at 67.35, up 63 points [2]