Cotton futures saw a slight dip on Tuesday, with crude oil futures also down. Commitment of Traders data showed managed money reducing their net short position. The latest online auction from The Seam had 6,106 bales sold at an average price of 60.03 cents/lb. ICE certified cotton stocks decreased by 450 bales.

Dec 25 Cotton closed at 62.77, Mar 26 Cotton closed at 64.57, and May 26 Cotton closed at 65.71. The Adjusted World Price was updated to 50.77 cents/lb last week. No positions in mentioned securities were held by Austin Schroeder at the time of publication.

Read more at Yahoo Finance: Cotton Eases Lower on Tuesday