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Barchart
Barchart
Austin Schroeder

Cotton Back to Rally Mode on Wednesday Morning

AL Crop Progress Oil United States US Dollar

Cotton is trading with Wednesday morning gains of 80 to 131 points. Futures posted mixed trade on the Tuesday session, with contracts down 35 points to as much as 25 points higher at the close. Crude oil was up $0.6477 with the US dollar index $0.011 higher.

Crop Progress data from Monday showed condition ratings were pegged at 38% good/excellent, down 2 percentage points on the week. The Brugler500 index was down another 9 points to 310. Deterioration was noted in TX (-11), KS (-24), OK (-20), AR/GA/LA/MO/VA (-2), as well as AL, AZ and TN. Just NC and MS saw improvement.

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