
Cotton futures closed out the Monday session with losses of 52 to 58 points. Crude oil futures were down 27 cents per barrel. The US dollar index was down $0.623 at $97.575.
Weekly Crop Progress data indicated 75 of the US cotton crop was squaring as of July 20, with 33% setting bolls, matching average. Condition ratings improved 3% to 57% gd/ex, with the Brugler500 index up 8 points to 347.