Cotton futures are up 50 to 60 points on Tuesday, with crude oil futures down 42 cents per barrel at $57.90. The US dollar index is up $0.328 at $98.310. Export sale commitments for cotton have reached 6.5 million RB, down 15% from last year. Managed money cut 1,368 contracts from their net short in cotton futures. The Seam’s online auction showed sales of 27,248 bales at an average price of 59.70 cents/lb. ICE certified cotton stocks were steady at 11,510 bales on 1/5. Mar 26 Cotton is at 65.23, up 58 points, May 26 Cotton is at 66.58, up 59 points, Jul 26 Cotton is at 67.87, up 56 points.

Read more at Yahoo Finance: Cotton Extending Gains to Tuesday