Cotton prices are down 26 to 38 points on Tuesday, following a 64 to 83 point drop on Friday. The US dollar index is up $0.042 to $97.780, while crude oil futures are $0.55 lower. Commitment of Traders data shows managed money increased their net short position to 59,931 contracts.

USDA reports accumulated cotton export sale commitments at 3.412 million RB, down 23% from last year. The Cotlook A Index remains at 78.20 cents, with ICE cotton stocks steady at 15,474 bales. USDA’s Adjusted World Price is down 59 points to 54.94 cents/lb.

Cotton futures closed lower on Oct 25, with Dec 25 down 76 points and Mar 26 down 64 points. This news is for informational purposes only and does not indicate any positions held by Austin Schroeder.

Read more at Yahoo Finance: Cotton Facing Tuesday AM Losses