Cursor says its read only even though I declared it "for update"

Question

I am trying to update a row inside a cursor. What I am trying to do is update a chain of records with OLD_QTY and NEW_QTY. However when I try to do my update it gives the error The cursor is READ ONLY even though I included for update of OLD_QTY, NEW_QTY in my declration. It makes no difference if I include OLD_QTY and NEW_QTY in the select statement.

declare @current_inv_guid uniqueidentifier
declare @last_inv_guid uniqueidentifier
declare @current_vid int
declare @last_vid int
--declare @current_new_qty money
declare @last_new_qty money
--declare @current_old_qty money

declare iaCursor cursor 
      for select INV_GUID, old_VID
          --, OLD_QTY, NEW_QTY  
          from #IA 
          order by INV_GUID, old_vid, ENTRY_NUM 
      for update --of OLD_QTY, NEW_QTY
open iaCursor
Fetch next from iaCursor into @current_inv_guid, @current_vid --, @current_old_qty, @current_new_qty

while @@fetch_status = 0
begin
    --test to see if we hit a new chain.
    if(@last_inv_guid <> @current_inv_guid or @current_vid <> @last_vid)
    begin
        set @last_new_QTY = (select #lots.QTY_RECEIVED from #lots where #lots.INV_GUID = @current_inv_guid and LOT_VID = @current_vid)
        set @last_inv_guid = @current_inv_guid
        set @last_vid = @current_vid    
    end

    --update the current link in the chain
    update #ia
        set OLD_QTY = @last_new_QTY,
            NEW_QTY = @last_new_QTY + QTY_CHANGE,
            @last_new_QTY = @last_new_QTY + QTY_CHANGE
        where current of iaCursor

    --get the next link
    fetch next from iaCursor into @current_inv_guid, @current_vid --, @current_old_qty, @current_new_qty
end 

close iaCursor
deallocate iaCursor

Answer 1

Putting a order by in the select made the cursor read only.