Cotton prices are down 10 to 13 points as trading begins on Tuesday, with futures up 10 to 16 points at Monday’s close. Crude oil futures dropped 79 cents per barrel to $56.65, and the US dollar index fell $0.093 to $98.300.

CFTC data shows spec funds increased their net short position by 3,756 contracts to 61,999 contracts as of November 25.

Export Sales data reveals 148,396 RB in cotton sales for the week ending on November 20, a 3-week low. Shipments increased from the previous week to 120,825 RB.

Recent online auction sales from The Seam totaled 8,516 bales at an average price of 59.57 cents/lb. Cotlook A Index dropped 25 points to 73.95 cents, ICE certified cotton stocks remain steady at 13,971 bales. Adjusted World Price updated to 50.39 cents/lb, down 89 points from the previous week.

Mar 26 Cotton closed at 63.94, up 11 points, currently down 13 points. May 26 Cotton closed at 65.06, up 15 points, currently down 11 points. Jul 26 Cotton closed at 66.1, up 16 points currently down 11 points.

Read more at Yahoo Finance.: Cotton Slipping Back to Start Tuesday Trade