Cotton price action is down 166 to 224 points across the front months on Tuesday morning. Futures were up 4 to 71 points across the board at the close. Crude oil was up 88 cents per barrel on the session, with the US dollar index $0.232 higher.
Weekly Crop Progress data showed 70% of the US cotton crop with bolls opening as of Sunday. Harvest was tallied at 17%, running 2 percentage points ahead of normal. Condition ratings were pegged at 35% good/excellent, up 1 percentage point on the week. The Brugler500 index was down 1 point at 294.
