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Barchart

Austin Schroeder

Cotton Closes with Turnaround Tuesday Gains

GA Oil United States US Dollar

Cotton futures were in turnaround action on Tuesday, as contracts closed with 130 to 188 point gains at the close. The US dollar index is $0.108 higher at $98.370. Crude oil was down $3.74 to $102.68.

NASS Crop Progress data showed 21% of the US cotton crop planted as of May 3, which was 2 percentage points ahead of the 5-year average of 19%. Planting progress in TX was 2 percentage points ahead of average, with GA 3 points behind average.

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