ICE cotton futures rebounded in Tuesday’s session, with nearby contracts gaining 71 to 86 points. Crude oil futures rose by $1.96 per barrel to $62.56. Meanwhile, the U.S. dollar index came under pressure late in the day, falling 1.282 points to 95.575.

Monday’s online auction on The Seam showed sales of 12,326 bales at an average price of 59.58 cents per pound. The Cotlook A Index was steady at 74.05 cents on January 23. ICE certified cotton stocks declined by another 1,317 bales on January 26, bringing total certified stocks down to 8,595 bales. The Adjusted World Price was updated last week to 50.99 cents per pound, down 18 points from the previous week.