Cotton futures ended Wednesday's trading session with modest gains, as contracts moved 5 to 11 points higher. March 26 cotton closed at 64.99, up 11 points, while May 26 cotton settled at 66.5, up 9 points. July 26 cotton finished at 67.91, up 5 points.
In other markets, crude oil futures dropped 10 cents per barrel to $61.05. The US dollar index decreased by $0.044, landing at $98.865.
An online auction held by The Seam on January 13 reported sales of 60.08 cents per pound for 14,042 bales. The Cotlook A Index increased by 55 points on January 13, reaching 75 cents.
ICE certified cotton stocks remained unchanged on Tuesday, with the certified stocks level holding at 11,029 bales. On Thursday afternoon, the Adjusted World Price was updated to 50.97 cents per pound, marking a 21-point rise from the previous week.