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Barchart
Barchart
Austin Schroeder

Cotton Fading Lower on Tuesday

Cotton futures are trading with 69 to 136 point losses across the front months on Tuesday. The US dollar index is $0.110 higher at $99.215. Crude oil is down $0.57 at $103.81 on the day.

NASS Crop Progress data showed 41% of the US cotton crop planted as of May 17, which was 1 percentage point ahead of the 5-year average of 40%. Of the major 15 states USDA reported, GA was 3% behind normal, with LA, the Carolinas, VA all behind their average planting pace.

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