Cotton futures experienced mixed trading on January 27, 2023, with March contracts closing at 63.73 cents per pound (down 10 points), May contracts at 65.46 cents (up 1 point), and July contracts at 67.1 cents (up 9 points). Crude oil prices increased by $1.10 per barrel to reach $63.49.
During an online auction on The Seam, cotton sold for an average of 56.06 cents per pound on 10,023 bales, while the Cotlook A Index fell 75 points to 73.30 cents. ICE certified cotton stocks rose by 2 bales to a total of 8,597 bales, and the Adjusted World Price was reported at 50.99 cents per pound, down 18 points from the previous week.
