Cotton futures are fluctuating on Tuesday, with contracts down 9 points to 5 points higher in the front months. Crude oil futures are up 7 cents per barrel at $58.01, while the US dollar index is up $0.138 at $97.865. The Seam’s online auction had sales of 23,018 bales on December 29 at an average price of 59.79 cents/lb. ICE certified cotton stocks remain steady at 11,600 bales. The Adjusted World Price was updated to 50.02 cents/lb on Monday, with the LDP rate at 1.98 cents. Cotton prices for Mar 26, May 26, and Jul 26 are at 64.26, 65.66, and 66.88 respectively.
Read more at Yahoo Finance: Cotton Trading Mixed on Tuesday
