Cotton field by Jim Black via PixabayCotton price action is down 76 to 127 points so far on Monday morning. Accumulated shipments are 10.908 million RB, or 93% of the USDA number and lags the 96% shipping pace from last year. New crop business at 2.879 million RB is 36.72% above the same period last year. ICE certified cotton stocks were unchanged on July 30, with the certified stocks level at 90,699 bales. Oct 26 Cotton closed at 80.5, up 109 points, currently down 76 pointsDec 26 Cotton closed at 81.79, up 112 points, currently down 128 pointsMar 27 Cotton closed at 83.36, up 111 points, currently down 121 pointsOn the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article.