Cotton Holding Gains into Tuesday’s Midday

Group 1 - Cotton futures are experiencing midday gains ranging from 3 to 18 points in the nearby contracts [1] - The USDA's update to the WASDE balance sheet indicates a reduction of 200,000 bales in exports, raising ending stocks to 4.4 million bales [1] - World ending stocks have been increased by 630,000 bales to a total of 75.11 million bales [1] Group 2 - Cotton Ginnings data reports 507,350 RB ginned from January 15 to February 1, with a total of 13.202 million RB for the marketing year [2] - The Seam reported sales of 10,196 bales on February 9, averaging 58.01 cents per pound [2] - ICE certified cotton stocks increased by 1,597 bales on February 9, bringing the total to 95,158 bales [2] Group 3 - March 26 Cotton is priced at 61.79, up 18 points; May 26 Cotton is at 63.9, up 14 points; July 26 Cotton is at 65.48, up 3 points [3]