Cotton futures closed the Tuesday session with contracts bouncing from new lows overnight and settling up 21 to 33 points. Crude oil futures were back up 76 cents per barrel to $60.67 on the day, with the US dollar index $0.028 lower to $99.460.

Crop Progress data from NASS estimates the US cotton crop at 71% harvested as of 11/16, lagging the 72% average pace. 

The Monday online auction from The Seam showed 3,009 bales sold with an average price of 57.27 cents/lb. The Cotlook A Index was down another 30 points on 11/14 at 74.40 cents. ICE certified cotton stocks were up 1,100 bales on November 17 with the certified stocks level at 20,344 bales. The Adjusted World Price was reported last week at 51.83 cents/lb. It is good through this Thursday. 

Dec 25 Cotton  closed at 62.57, up 21 points,

Mar 26 Cotton  closed at 64.39, up 33 points,

May 26 Cotton  closed at 65.57, up 32 points

More news from Barchart

• How Much Higher Can Corn Prices Go?
• Have Corn, Soybeans, and Winter Wheat Already Topped? What to Watch in the Week Ahead.
• How Much Higher Will Wheat Prices Go Here?
• Can Soybean Prices Continue to Rebound?