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Barchart
Barchart
Austin Schroeder

Cotton Holding Steady on Tuesday Morning

Cotton Oil Ice United States US Dollar

Cotton prices are near unchanged on Tuesday morning, with thinly traded October up 16 points and other contracts down 1 to 2 points. 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.

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