Cotton futures price held steady with decent gains this week. Saw the front month contracts up around 10-15 points, which is pretty solid for a Wednesday move. The outside markets were helping out - crude oil jumped $1.54 to hit $76.10, and that usually gives cotton a bit of a lift. Dollar weakness also played a role with the index down to $98.775.

Looking at the specifics, the SEAM reported 6,789 bales moving at an average of 62.49 cents per pound. That's decent volume. The Cotlook A Index pulled back 95 points to 74.95 cents, but that's just normal volatility in these markets. ICE certified stocks stayed flat at 129,302 bales, so no major supply shifts happening. The Adjusted World Price got bumped up by 1.79 cents the previous week, sitting at 51.84 cents per pound.

For the cotton futures price action specifically, March contract closed at 62.16 cents, up 12 points. May closed at 64.16, also up 12 points. July was the strongest performer, up 15 points to close at 66.1 cents. Pretty steady buying interest across the board. Nothing crazy, but the trend looks solid for now.