Cotton prices are rallying on Tuesday morning, with contracts up 105 to 110 points in the nearbys. Futures were down 8 to 22 points in the front months with other contracts, up 2 to 40 points. Crude oil was down $5.20 per barrel, with the US dollar index down $0.031.
The Monday Crop Progress report showed condition ratings pegged at 42% good/excellent, down 4 percentage points on the week. The Brugler500 index was down 11 points to 325. A large portion of that drop came in TX (-17 points), with GA up 1 point.
