Cotton Slipping Lower Early on Tuesday

Cotton price action is own 14 to 16 points on Tuesday AM trade. Futures closed the Monday trade with contracts 6 to 22 points higher on Monday. Crude oil is up $1.31 per barrel on the session, with the US dollar index $0.343 higher.

The Seam reported 2,539 bales sold on 10/9, at an average of 79.53 cents/lb. The Cotlook A index was unchanged points on October 9 at 90.65. ICE certified cotton stocks were steady on Friday, with the certified stocks level at 17,756 bales. The Adjusted World Price was down another 135 points last week to 63.81 cents/lb.

Dec 26 Cotton  closed at 80.6, up 6 points,

Mar 27 Cotton  closed at 83.81, up 22 points,

May 27 Cotton  closed at 85.48, up 18 points