Cotton Bouncing Higher on Monday

Group 1 - Cotton futures increased by 59 to 69 points at midday on Monday, with specific prices for March, May, and July contracts at 61.65, 63.73, and 65.47 cents per pound respectively [1][2] - Crude oil futures rose by $1.28 per barrel, reaching $64.83 [1] - The US dollar index decreased by $0.626, settling at 96.880 [1] Group 2 - Speculative traders added 6,717 contracts to their net short position in cotton futures, bringing the total to 71,746 contracts net short as of the week of February 3 [1] - The Seam reported sales of 3,066 bales on February 6, averaging 58.61 cents per pound [2] - The Cotlook A Index fell by 40 points to 72.80 cents [2] - ICE certified cotton stocks increased by 18,564 bales, totaling 93,561 bales [2] - The Adjusted World Price decreased by 42 points to 49.78 cents per pound [2]