Cotton Losses Continue on Tuesday

Group 1 - Cotton futures have decreased by 45 to 55 points in most front months on Tuesday [1] - Crude oil prices increased by $3.58, reaching $74.81 [1] - The US dollar index rose by $0.940 to $98.505, indicating a stronger dollar [1] - Ongoing uncertainty regarding China and their call for a halt to strikes on Iran is exerting pressure on the market [1] Group 2 - The Seam reported sales of 3,444 bales on March 2, with an average price of 61.70 cents per pound [2] - The Cotlook A Index increased by 25 points to 75.90 cents on March 2 [2] - ICE certified cotton stocks rose by 3,124 bales, bringing the total to 129,302 bales [2] - The Adjusted World Price was raised by 1.79 cents to 51.84 cents per pound last week [2] Group 3 - Cotton prices for March 26 closed at 62.04 cents, down 55 points [3] - May 26 Cotton closed at 64.04 cents, also down 55 points [3] - July 26 Cotton closed at 65.95 cents, down 46 points [3]