Cotton futures are down 35 to 40 points across most contracts on Tuesday, with thinly traded October up 88 points. Crude oil is up $0.64, with the US dollar index $0.009 higher.
Weekly Crop Progress data showed 74% of the US cotton setting bolls as of Sunday, with 14% of the crop with bolls opening. 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.
