Cotton futures are trading with midday gains of 99 to 130 points on Wednesday’s midday. Crude oil is $2.59 per barrel higher so far on the day, with the US dollar index slipping $0.032
Weekly Crop Progress data showed 40% of the US cotton crop with bolls opening as of Sunday, with 7% of the crop with harvested. Condition ratings were pegged at 34% good/excellent, down 5 percentage points on the week. The Brugler500 index was down another 6 points to 298. Ratings in Texas were down another 8 points to 252 on the Brugler500 index.
