Cotton Weakness Holding on Tuesday

Group 1 - Cotton futures have decreased by 30 to 50 points across most front months on Tuesday [1] - Crude oil futures have fallen by 70 cents per barrel, currently priced at $62.19 [1] - The US dollar index has declined by $0.371 to a level of $97.190 [1] Group 2 - CFTC data indicates an increase of 3,856 contracts in the spec net short position for the week ending on February 10 [1] - Managed money holds a net short position of 75,602 contracts as of Tuesday [1] Group 3 - The Seam reported sales of 4,895 bales on February 13, with an average price of 56.79 cents per pound [2] - The Cotlook A Index remained steady at 73.85 cents on Monday [2] - ICE certified cotton stocks increased by 3,974 bales on February 13, reaching a total of 110,014 bales [2] - The Adjusted World Price has been reduced to 49.39 cents per pound, down 39 points from the previous week [2] Group 4 - March 26 Cotton is priced at 61.61 cents, down 50 points [2] - May 26 Cotton is priced at 63.75 cents, down 38 points [2] - July 26 Cotton is priced at 65.48 cents, down 34 points [2]