Cotton Closes Near Unchanged on Tuesday

Market Overview - Cotton futures experienced a decline from early session highs, closing within 5 points of unchanged on Tuesday [1] - Crude oil futures decreased by $0.16 per barrel, settling at $64.20 [1] - The US dollar index increased by $0.042, reaching 96.730 [1] USDA WASDE Update - The USDA's update to the WASDE balance sheet indicated a reduction of 200,000 bales in exports, raising ending stocks by the same amount to 4.4 million bales [1] - World ending stocks were increased by 630,000 bales, totaling 75.11 million bales [1] Cotton Ginnings and Sales Data - Cotton Ginnings data reported 507,350 RB ginned from January 15 to February 1, with a total of 13.202 million RB for the marketing year [2] - The Seam reported sales of 10,196 bales on February 9, averaging 58.01 cents per pound [2] - The Cotlook A Index decreased by 25 points to 72.55 cents [2] - ICE certified cotton stocks rose by 1,597 bales on February 9, bringing the total to 95,158 bales [2] - The Adjusted World Price fell by 42 points to 49.78 cents per pound last Thursday [2] Cotton Futures Prices - March 26 Cotton closed at 61.59, down 2 points [3] - May 26 Cotton closed at 63.78, up 2 points [3] - July 26 Cotton closed at 65.48, up 3 points [3]