Cotton price action is down 26 to 38 points early on Tuesday. Futures were down 64 to 83 points on the Friday session, with December falling 147 points last week. The US dollar index was up $0.042 on the day to $97.780, with crude oil futures $0.55 lower.
Commitment of Traders data from CFTC showed managed money adding 3,614 contracts to their net short position in cotton futures and options as of Tuesday. That net short was at 59,931 contracts by August 26th.
