Cotton futures are slipping back 5 to 12 points on Tuesday, while crude oil futures are up $1.07 per barrel at $60.33. The US dollar index is collapsing $0.926 at $98.275. CFTC’s Commitment of Traders report shows managed money increasing their net short in cotton futures. The January 19 online auction from The Seam showed sales of 60.43 cents/lb on 1,971 bales. The Cotlook A Index was unchanged at 74.80 cents. ICE certified cotton stocks remained at 11,029 bales. The Adjusted World Price was updated to 51.17 cents/lb on Thursday, up 20 points from the week prior. Mar 26 Cotton is at 64.54, down 12 points. May 26 Cotton is at 66.16, down 7 points. Jul 26 Cotton is at 67.6, down 5 points.

Read more at Yahoo Finance: Cotton Slipping Back Lower on Tuesday