Cotton Holds Gains on Monday

Market Overview - Cotton futures experienced gains of 50 to 55 points across the front months, influenced by favorable USDA data [1] - Crude oil futures increased by 72 cents per barrel, reaching $59.84 [1] - The US dollar index decreased by $0.215, settling at $98.675 [1] Cotton Production and Stocks - USDA reported an increase of 430,000 acres in cotton harvested, but yield decreased by 73 lbs/acre to 856 lbs [2] - Total cotton production fell by 0.35 million bales to 13.92 million bales [2] - Ending stocks were reduced by 300,000 bales, now totaling 4.2 million bales [2] Auction and Pricing Information - The Friday online auction from The Seam recorded sales at 56.57 cents/lb for 4,773 bales [3] - The Cotlook A Index decreased by 35 points to 74.45 cents on January 9 [3] - ICE certified cotton stocks remained steady at 11,510 bales as of January 9 [3] - The Adjusted World Price rose by 21 points to 50.97 cents/lb [3] Cotton Futures Closing Prices - March 26 Cotton closed at 64.91, up 50 points [3] - May 26 Cotton closed at 66.44, up 53 points [3] - July 26 Cotton closed at 67.86, up 55 points [3]