Cotton prices are 30 to 35 points higher so far on Tuesday morning. Futures fell back 67 to 85 points across most contracts on Monday. Crude oil futures are down 24 cents per barrel at $60.83. The US dollar index was down another $0.539 to $96.865.
USDA Export Sales data showed 7.35 million RB of cotton commitments as of Jan 15, 13% below last year. That was also 64% of the USDA projection and well behind the 81% average pace.
