Cotton Trading with Tuesday AM Gains

Price Movement - Cotton prices increased by 15 to 23 points on Tuesday morning, with futures mostly steady on Friday, showing a decrease of 4 to 5 points in the front months, while March futures were up 25 points for the week [1] - Crude oil futures rose by 11 cents per barrel, reaching $59.30, and the US dollar index increased by $0.063 to $99.195 [1] Market Positioning - The CFTC's Commitment of Traders report indicated that managed money increased their net short position in cotton futures and options by 2,600 contracts, totaling 50,372 contracts as of last Tuesday [1] Export Data - Cotton export commitments are reported at 6.937 million RB, which is 14% lower than the previous year, representing 60% of the USDA's export projection and significantly lagging behind the 79% average sales pace [2] - Actual cotton exports stand at 3.142 million RB, accounting for 27% of USDA's estimate, which is also behind the 32% average shipping pace [2] Auction and Pricing - The January 15 online auction from The Seam recorded sales at 59.12 cents per pound for 11,430 bales, while the Cotlook A Index remained unchanged at 75.05 cents [3] - ICE certified cotton stocks remained stable at 11,029 bales, and the Adjusted World Price was updated to 51.17 cents per pound, reflecting an increase of 20 points from the previous week [3] Futures Closing Prices - March 26 Cotton closed at 64.66 cents, down 5 points, but currently up 20 points - May 26 Cotton closed at 66.23 cents, down 4 points, currently up 23 points - July 26 Cotton closed at 67.65 cents, down 4 points, currently up 21 points [3]