Cotton Falls Lower on Tuesday

Cotton futures fell on Tuesday, down 72 to 84 points across the front months at the close. Pressure came from the synthetic market, with crude oil futures are $1.65 lower per barrel at $55.17. The US dollar index was $0.038 higher to $97.995. Monday’s online auction from The Seam showed sales of 15,641 bales at an average price of 59.57 cents/lb. The Cotlook A Index was down 10 points on 12/15 at 73.85 cents. ICE certified cotton stocks were down 1,497 bales on December 15 with the certified stocks level ...