Cotton futures are trading lower, with 35 to 40 point losses midday. Crude oil futures are down $1.43 per barrel at $60.67, while the US dollar index is down $0.418 to $98.145. The Tuesday online auction from The Seam showed sales of 59.15 cents/lb on 17,692 bales. ICE certified cotton stocks remained unchanged on 1/21 at 10,422 bales. Mar 26 Cotton is at 63.93, down 37 points, May 26 Cotton is at 65.54, down 38 points, and Jul 26 Cotton is at 67.03, down 37 points. Adjusted World Price was updated to 51.17 cents/lb last week, up 20 points from the week prior.

Read more at Yahoo Finance: Cotton Falling Back on Thursday