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Austin Schroeder

Cotton Slipping Back on Wednesday Morning

Ice NASS Crop Progress Oil United States US Dollar

Cotton price action is down 55 to 81 points so far on Wednesday. Futures posted gains of 38 to 73 points in most contracts on Tuesday. The US dollar index was up $0.023 at $99.170. Crude Oil was $1.23 higher to $93.39

The weekly NASS Crop Progress report showed 66% of the US cotton crop planted as of 5/31, 1% below normal. The crop was also 7% squared, matching the average pace.

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