Cotton futures posted gains of 35 to 56 points across most contracts on Monday. Crude oil was down $3.72 at the close after the US and Iran came to a peace deal over the weekend, to be signed this Friday. The US dollar index was down $0.285 at $99.460.
Monday afternoon’s Crop Progress showed 86% of the US cotton crop planted as of Sunday, 2% behind the average pace, with 19% squared, 2% ahead of normal. Condition ratings were pegged at 51% good/excellent, down 2 percentage points on the week. The Brugler500 index was up 1 to 346 as 3% shifted from very poor to fair.
