Cotton price action is up 30 to 35 points so far on Tuesday morning. Futures were 6 to 34 points higher, across most contracts on Monday. Crude oil was up $1.19/bbl to $70.42. The US dollar index was down $0.247 at $100.880.
Monday afternoon’s Crop Progress showed 97% of the US cotton crop planted as of Sunday, matching the average pace, with 37% squared, 1% ahead of normal. The crop was also 9% setting bolls, matching the 5-year average pace. Condition ratings were pegged at 48% good/excellent, down 5 percentage points on the week. The Brugler500 index was down 10 points to 335.
