Cotton futures posted Tuesday losses of 14 to 25 points on the Tuesday session. The outside markets added some pressure, as US dollar index was up $0.118 on the day to $98.135 and crude oil futures were down $1.10.
The weekly Crop Progress report from NASS showed a total of 73% of the US cotton crop setting bolls by August 17, 7 points behind average. There was 13% of the crop with bolls opening vs. 16% on average. Conditions were back up 2% at 55% gd/ex, with the Brugler500 index shooting 11 points higher to 349. Much of the improvement was noted in TX, up 21 points, as GA was down 5.
