Cotton futures remained steady to slightly lower on Tuesday, with some front months down 3 points. Crude oil futures rose $1.60 per barrel to $61.10, while the US dollar index increased by $0.304 to $98.930. The Monday online auction from The Seam reported sales of 60.09 cents/lb on 21,284 bales, with ICE certified cotton stocks down by 481 bales on 1/12. The Adjusted World Price was updated to 50.97 cents/lb on Thursday afternoon, a 21-point increase from the previous week. Mar 26 Cotton closed at 64.88, down 3 points, May 26 Cotton closed at 66.41, down 3 points, and Jul 26 Cotton closed at 67.86, unchanged. Austin Schroeder did not have positions in any securities mentioned in this article. Source: Barchart.com.

Read more at Yahoo Finance: Cotton Closes Steady on Tuesday