Cotton futures saw a slight dip midday, up 3 to 5 points. Crude oil futures fell 76 cents to $56.40 per barrel, while the US dollar index rose by $0.173 to $98.335. The Seam’s online auction reported sales of 61.13 cents/lb on 41,576 bales. ICE certified cotton stocks remained steady at 11,510 bales. The Adjusted World Price increased to 50.76 cents/lb last week, up 74 points.

March 26 Cotton closed at 64.85, down 21 points, May 26 Cotton closed at 66.27, down 16 points, and July 26 Cotton closed at 67.61, down 13 points. Austin Schroeder did not hold any positions in the mentioned securities. Information in this article is for informational purposes only and was originally published on Barchart.com.

Read more at Yahoo Finance: Cotton Falls into Wednesday’s Close