Cotton Falling Back on Monday’s Midday

Group 1 - Cotton futures are mostly lower, with contracts down 30 to 35 points at midday [1] - The US dollar index decreased by $0.224 to $97.600, while crude oil futures fell by $2.41 [1] - Managed money in cotton futures and options increased their bearish positions by 2,943 contracts, resulting in a net short of 62,004 contracts as of September 23rd [1] Group 2 - The Seam's online auction recorded 1,187 sales at an average price of 62.46 cents per pound [2] - The Cotlook A Index remained steady at 77.70 cents on September 26 [2] - ICE cotton stocks were steady on September 26, with certified stocks at 15,474 bales [2] - USDA's Adjusted World Price (AWP) decreased by 41 points to 54.38 cents per pound last week [2] - Cotton futures for October 25 are at 63.95 cents, up 12 points; December 25 at 66.05 cents, down 35 points; and March 26 at 67.93 cents, down 33 points [2]