Cotton futures settled Friday with contracts back up 54 to 87 points across the board. March cotton ended the week up 59 points. The outside markets were pressure factors, as the US dollar index was up 438 points, with crude oil $0.64/barrel lower. The markets and government will be closed on Monday due to Martin Luther King Jr Day, with a normal schedule for Tuesday.

CFTC Commitment of Traders data showed managed money spec traders adding 3,744 contracts to their net short position as of 1/14 at 43,086 contacts.

Export Sales data showed a total of 316,248 RB of upland cotton sold in the week ending on January 9. Total sales commitments, including shipments, are now at 8.068 million RB. That is 78% of the USDA export projection for 24/25 exports, behind the 882% average sales pace. 

The Seam reported 4,510 bales of online sales on January 16 at an average price of 57.66 cents/lb. ICE cotton stocks were unchanged on Thursday, at 218 bales of certified stocks. The Cotlook A Index was back up 30 points on 1/16 at 78.15 cents/lb. The USDA Adjusted World Price (AWP) was back down 68 points from the previous week on Thursday afternoon at 53.98 cents/lb.

Mar 25 Cotton  closed at 67.6, up 87 points,

May 25 Cotton  closed at 68.63, up 78 points,

Jul 25 Cotton  closed at 69.62, up 74 points