Cotton Off Morning Lows, but Holding Wednesday Losses

Core Insights - Cotton futures are experiencing losses ranging from 30 to 50 points across most contracts, indicating a bearish trend in the market [1] - The US dollar index has decreased by $0.034 to $97.485, while crude oil prices have also declined by 44 cents, suggesting broader economic factors may be influencing commodity prices [1] Market Data - The Seam's online auction on Tuesday recorded 942 sales at an average price of 63.62 cents per pound [2] - The Cotlook A Index fell by 80 points to 76.90 cents as of September 30 [2] - ICE cotton stocks increased by 2,417 bales to a certified stock level of 17,891 bales as of September 30 [2] - The USDA's Adjusted World Price (AWP) decreased by 41 points to 54.38 cents per pound, valid through Thursday [2] Futures Prices - As of the latest data, October 25 Cotton is priced at 63.32 cents, up 27 points; December 25 Cotton is at 65.29 cents, down 48 points; and March 26 Cotton is at 67.23 cents, down 34 points [3]