The market is hoping to see improvements in the shipping logistics situation and trying not to think about the possibility of cancellations. To that end, there have been some fears that if cotton cannot be timely shipped, China may cancel some purchases. To date, that has not happened.

The U.S. dollar revived higher Tuesday. Currency traders are anticipating next week’s meeting of the Federal Reserve to be the kick-off of higher interest rates.

Wednesday, the market will see monthly Housing Starts from the Commerce Department. Increased new home building could reflect greater commercial demand for cotton.

Tuesday, March cotton settled at 121.08 cents, up 1.38 cents, July ended at 114.66 cents, up 1.30 cents and December finished at 97.84 cents, 1.01 cents higher; estimated volume was 30,739 contracts.