Cotton prices are down at midday on Monday, with futures slipping from Friday settlements. Weekly CFTC data shows a decrease in net short position among spec traders. Weather forecasts predict dryness in Texas and rain in the Southeast. ICE cotton stocks saw decertifications, with AWP up slightly at 54.72 cents/lb.

The Seam reported sales of 385 bales at an average price of 68.25 cents/lb. Cotlook A Index was up .20 on July 18. Oct, Dec, and Mar cotton futures are down points. Crude oil futures are lower, with the US dollar index weaker. Diesel is trading higher than crude oil.

Read more at Yahoo Finance: Cotton Slipping Back on Monday Morning