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Barchart
Austin Schroeder

Cotton Bulls Battling Back on Turnaround Tuesday

Cotton IS Oil GA NASS Crop Progress United States US Dollar

Cotton futures are showing 29 to 40 point gains across most contracts so far on the Turnaround Tuesday session. The US dollar index is down another $0.119 on the day to $97.460, with crude oil slipping back 58 cents.

The NASS Crop Progress report indicated a total of 67% of the US cotton crop with bolls opening and behind the 69% average, with harvest matching the average pace at 16%. Cotton conditions were listed at 47% good/excellent, steady with last week, as the Brugler500 index was up 2 points to 335. Ratings in TX were up just 2 points, with GA slipping by 2 points.

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