Cotton futures are trading with midday gains of 40 to 46 points across the front months on Wednesday. Crude oil is up $1.68 per barrel on the session, with the US dollar index $0.626 higher.
The weekly Crop Progress report showed 82% of the US cotton crop with bolls opening as of Sunday. Harvest was tallied at 31%, running 2 percentage points ahead of normal. Texas was listed at 38% harvested, 4% ahead of normal. Condition ratings were pegged at 34% good/excellent, up 2 percentage points on the week. The Brugler500 index was back up 2 points to 292.
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