Cotton Posting Midday Gains as USDA Reports Marketing Year High in Export Business

Group 1 - Cotton prices have increased by 6 to 10 points as of Friday's midday [1] - Crude oil futures rose by $1.79 per barrel, reaching $61.18 [1] - The US dollar index decreased by $0.584, settling at $97.595 [1] Group 2 - USDA Export Sales data indicated that 412,457 RB of cotton were sold in the week ending January 15, marking a marketing year high [1] - Export shipments for the same week totaled 187,776 RB, also a marketing year high [1] Group 3 - The Thursday online auction from The Seam reported sales at 62.43 cents/lb for 16,726 bales [2] - The Cotlook A Index remained unchanged at 74.55 cents on January 22 [2] - ICE certified cotton stocks were stable at 10,422 bales as of January 22 [2] Group 4 - The Adjusted World Price was updated to 50.99 cents/lb, down 18 points from the previous week [2] - March 26 Cotton is priced at 63.98 cents, up 10 points [2] - May 26 Cotton is at 65.56 cents, up 7 points, and July 26 Cotton is at 67.03 cents, up 6 points [2]