Cotton futures are showing 10 to 20 point losses in the front months on Tuesday, with in delivery May, up 33 points. The US dollar index is back up $0.162 at $98.480. Crude oil is extending the gains, up $2.95 to $99.32.
NASS Crop Progress data showed 16% of the US cotton crop planted as of April 26, which was 3 percentage points ahead of the 5-year average of 13%. Just GA (-1%), LA (-2%), SC (-3%), and VA (-13%) were reported of the 15 major states to lag behind normal planting pace. The Texas crop was pegged at 20% planted vs. the 19% average.
