Cotton futures are trading with midday losses of 61 to 67 points so far on Thursday.  The outside market are pressure factors, as the US dollar index is steady, with crude oil 98 cents/barrel lower and back below the $80 level.

Export Sales data showed a total of 316,248 RB of upland cotton sold in the week ending on January 9, the largest in 7 weeks. Turkey was the largest destination of 102,100 RB, with 79,400 RB to Vietnam. Shipments totaled 224,825 RB in that week, the largest since May. Vietnam was the top destination of 84,000 RB, with 33,800 RB to Pakistan.

The Seam reported 9,475 bales of online sales on January 15 at an average price of 61.80 cents/lb.  ICE cotton stocks were unchanged on Wednesday, at 218 bales of certified stocks. The Cotlook A Index was back down 15 points on 1/15 at 77.85 cents/lb. The USDA Adjusted World Price (AWP) was back down 37 points from the previous week last Thursday at 54.66 cents/lb. It will be updated later today.

Mar 25 Cotton  is at 67.16, down 61 points,

May 25 Cotton  is at 68.27, down 65 points,

Jul 25 Cotton  is at 69.25, down 67 points