Cotton futures are up 56 to71 points so far on Friday’s midday. Crude oil is down $0.09/barrel, with the US dollar index down $0.108.
Weekly Export Sales data showed total cotton export bookings shipped and unshipped at 11.696 million RB, which is 109% of the USDA projection and behind the 115% average.
Monday’s Acreage report is expected to show 9.7 million cotton acres planted this spring according to a Bloomberg survey.
The Seam reported just 1,788 bales sold in the Thursday online auction at an average price of 64.80 cents. The Cotlook A Index was up 50 points on 6/26 at 79.15. ICE cotton stocks were down 9,641 on June 26 via decertification, with a certified stocks level of 51,495 bales. USDA’s Adjusted World Price (AWP) was up 15 points on Thursday at 54.18 cents/lb.
