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Cotton futures closed the day mostly 53 to 70 points higher, after trading as much as 42 points lower previously in the session. US cotton planting progress was 16% complete as of Sunday night, 2 points behind the previous five year average.Cotton system consumption according to the USDA this afternoon fell to 2,120 RB in March, down 15.5% from February, but up 6% from March 2015. Stocks as of the last Saturday of the month were down 14.6% month to month, but 3.2% larger than the last Saturday in March a year ago. Chinese auctions of old crop government cotton stocks are beginning. Chinese ending stocks in 2015/16 are expected to decrease year over year for the first time since 2010/11. The Cotlook A Index was down 45 points to 71.25. ICE reported that there were 57,746 certified bales in warehouses on April 29, with no new certs, and no decertified bales. The USDA AWP for this week is 52.33, up from 50.53 last week. The MLG dropped to 0, from 1.47 during the past week.