Cotton futures saw slight losses on Monday, with December up 14 points. Crude oil futures rose 72 cents to $59.27 per barrel. USDA’s Export Sales report revealed 132,760 RB of cotton sold last week, a decrease of 24.43% from the week before. Shipments hit a marketing year high at 174,788 RB.

The Seam’s online auction on 11/28 saw 3,605 bales sold at an average price of 59.75 cents/lb. ICE certified cotton stocks remained steady at 20,344 bales. The Adjusted World Price fell to 50.77 cents/lb last week, down 3 points from the previous week. Dec 25 Cotton is at 62.91, up 14 points.

Mar 26 Cotton is at 64.56, down 15 points, while May 26 Cotton is at 65.74, down 18 points. Austin Schroeder did not have any positions in mentioned securities. Information in this article is for informational purposes only. Source: Barchart.com.

Read more at Yahoo Finance: Cotton Easing Lower on Monday