ICE cotton futures closed Thursday’s session down 22 to 28 points. Crude oil futures fell $2.74 per barrel to $59.28, while the US dollar index declined 0.248 points to 98.155.

According to Export Sales data, total upland cotton sales reached 339,724 running bales in the week ending January 8. This marked the highest level of the current marketing year and was more than triple the previous week’s sales. Vietnam was the top buyer with 127,400 running bales, followed by China with 57,200 running bales. Shipments totaled 156,104 running bales during the week, an 11-week high. Vietnam was the top destination with 56,200 running bales, followed by Pakistan with 24,900 running bales.

The January 14 online auction from The Seam showed sales of 11,177 bales at an average price of 59.07 cents per pound. The Cotlook A Index rose 5 points on January 14 to 75.05 cents. ICE certified cotton stocks were unchanged on Tuesday at 11,029 bales. The Adjusted World Price was updated on Thursday to 51.17 cents per pound, up 20 points from the previous week.