Cotton futures posted mixed trade of 36 points lower to 13 points higher across most contracts on Monday. The US dollar index was down $0.101 at $99.95. Crude oil was up 74 cents on the day.
Monday afternoon’s Crop Progress showed 77% of the US cotton crop planted as of Sunday, matching the average pace, with 13% squared, 2% ahead of normal. Initial condition ratings were pegged at 53% good/excellent, which was up 4 percentage points from last year. Condition ratings on the Brugler500 index were 345, 21 points higher than the initial ratings last year.
