Cotton futures are down 65 to 72 points due to pressure from the synthetic market. Crude oil futures are $55.38 per barrel, while the US dollar index is at $97.775. Spec funds increased their net short position by 3,756 contracts. The Seam’s online auction had 15,641 bales sold at an average price of 59.57 cents/lb. Cotlook A Index was at 73.85 cents on 12/15, with ICE certified cotton stocks down 1,497 bales. Mar 26 Cotton is at 63.23, down 71 points, May 26 Cotton is at 64.4, down 66 points, Jul 26 Cotton is at 65.44, down 66 points. Adjusted World Price was updated to 50.39 cents/lb last Thursday, down 89 points from the previous week.

Read more at Yahoo Finance: Cotton Falling at Tuesday’s Midday