Cotton prices are down 54 to 92 points so far on Tuesday morning. Futures closed with Monday gains of 54 to 90 points at the close. Crude oil was down $7.40 per barrel, with the US dollar index up 0.083.
Weekly Crop Progress data showed 81% of the US cotton crop squared as of Sunday, now steady with normal. The crop was also 45% setting bolls, matching the 5-year average pace. Condition ratings were pegged at 46% good/excellent, up 1 percentage point on the week. The Brugler500 index was up 4 points to 336.
