Cotton futures were 25 to 30 points in the red in the front months on Tuesday. The outside factors were mixed, as crude oil futures were up 75 cents/barrel on the day, with the US dollar index up 560 points.
The Seam reported 12,432 bales of online sales on January 27 at an average price of 59.98 cents/lb. ICE cotton stocks were unchanged on Monday, at 218 bales of certified stocks. The Cotlook A Index was up 65 points on 1/24 at 78.55 cents/lb. The USDA Adjusted World Price (AWP) was down another 27 points from the previous week last Thursday afternoon at 53.71 cents/lb.
Mar 25 Cotton closed at 66.98, down 29 points,
May 25 Cotton closed at 68.11, down 25 points,
Jul 25 Cotton closed at 69.25, down 26 points
