Cotton futures are trading with contracts down 53 points to 3 points higher in the front months. The US dollar index is $0.211 higher at $99.055. Crude oil losses of $6.27 is adding pressure as US and Iran negotiations are reportedly in the final stages.
The Cotlook A Index was back up 300 points on May 19 at 90.65 cents. ICE certified cotton stocks were up 10,053 bales on 5/18, with the certified stocks level at 203,491 bales. The Adjusted World Price was up another 228 points last week at 71.87 cents/lb.
