Cotton price action is down 12 to 16 points on Thursday morning, with exception to thinly traded October. Futures posted stronger trade on Wednesday, with contracts up 10 to 16 points. The outside markets were mixed, as the US dollar index was down $0.252 on the day to $98.095 and crude oil futures $1.80 lower.
The weekly NASS Crop Progress report showed cotton condition ratings down 3% to 51% gd/ex, as the Brugler 500 index was down 5 points to 344. By state, TN ratings were down 42 points, with TX steady on the week and GA 14 points lower.
