Cotton Posting Monday Midday Gains

Group 1 - Cotton futures have increased by 15 to 51 points across most contracts [1] - Crude oil prices have risen by $3.97 at midday, nearly $25 from overnight highs [1] - The US dollar index has increased by $0.116, reaching $99.095 [1] Group 2 - Managed money has increased their net short position in cotton futures and options by 7,569 contracts, bringing the total net position to 72,937 contracts as of March 3 [1] - The Seam reported sales of 848 bales on March 6, averaging 58.05 cents per pound [2] - The Cotlook A Index decreased by 10 points to 74.65 cents on Tuesday [2] - ICE certified cotton stocks remained steady at 128,504 bales as of March 6 [2] - The Adjusted World Price was reduced by 40 points to 51.44 cents per pound [2] - March 26 Cotton is priced at 63.19 cents, up 16 points; May 26 Cotton is at 64.71 cents, up 51 points; July 26 Cotton is at 66.65 cents, up 49 points [2]