Cotton price action is down 15 to 23 points so far on Thursday. Futures closed the midweek session, with contracts up 15 to 21 points in the front months and down 2 to 35 in the deferreds. Crude oil was up $1.03 per barrel on the session, with the US dollar index $0.326 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.
