Cotton price action is down 15 to 26 points so far on Tuesday morning. Futures closed the Monday session with contracts 4 to 13 points lower in most contracts. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes on Iran. Crude oil fell $9.36 on the day. The US dollar index was down $0.549 to $98.910.
The Seam showed sales of 417 bales on 3/20, averaging 62.42 cents/lb. The Cotlook A Index was down 110 points on March 20 at 78.25 cents. ICE certified cotton stocks were unchanged on Friday, with the certified stocks level at 115,640 bales. The Adjusted World Price was raised by 2.72 cents to 54.22 cents/lb on Thursday.
