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Barchart
Barchart
Austin Schroeder

Cotton Bulls Put on a Rally on Monday

Cotton futures were higher to start the week, with contracts closing 103 to 222 higher across the board. Crude oil was $1.81 per barrel lower on the session, with the US dollar index back up $0.178.

The weekly Crop Progress report showed 74% of the US cotton crop with bolls opening as of Sunday. Harvest was tallied at 23%, running 2 percentage points ahead of normal. Condition ratings were pegged at 33% good/excellent, down 2 percentage points on the week. The Brugler500 index was fell 4 points to at 290.

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