Just noticed cotton futures taking another hit on Tuesday, extending losses across the board. March contracts down 102 points, May dropping 65, and July sliding 55 points. Prices settling around 62-65 cents range depending on the contract month.

Couple things driving this selloff. Dollar index pushing higher at 99.135 while crude's actually up 3.89 today, which is interesting. But the real pressure seems to be coming from geopolitical uncertainty around China and the Middle East situation. That's been weighing on risk appetite across commodities.

On the supply side, ICE certified stocks ticked up 3,124 bales on Monday, now sitting at 129,302. The Adjusted World Price got bumped 1.79 cents to 51.84 cents/lb last week. Cotlook A Index was up 25 points on March 2nd at 75.90 cents, but that bounce didn't stick with today's losses.

Seam reported 3,444 bales moving at 61.70 cents/lb, but clearly not enough to support prices. Looks like the bearish factors are outweighing any positive demand signals right now. Watching to see if this selling pressure continues or if we get some consolidation soon.