Cotton futures are dropping at midday, down 35 to 40 points. The US dollar index is up $0.097 to $96.345, while crude oil futures are $0.23 lower. The Seam reported 909 bales sold on Tuesday at an average price of 63.60 cents/lb. ICE cotton stocks remain steady at 15,474 bales. USDA’s Adjusted World Price fell 21 points to 54.10 cents/lb. Oct 25 Cotton is at 66, Dec 25 Cotton at 67.29, and Mar 26 Cotton at 69.21, all down points. Austin Schroeder did not have positions in mentioned securities. Source: Barchart.com.

Read more at Yahoo Finance: Cotton Giving Back Tuesday Gains on Wednesday