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Barchart
Barchart
Austin Schroeder

Cotton Slipping Lower on Tuesday Morning

Cotton Oil Ice United States US Dollar

Cotton futures are down 15 to 43 points on Monday. Price action closed the Monday trade with losses of 27 to 57 points. Crude oil was $1.44/barrel at $67.94, with the US dollar index $0.378 higher to $97.200. 

Weekly Crop Progress data showed the US cotton crop at 48% squared, with 14% setting bolls, both 1% behind average. Condition ratings were up 1% to 52% gd/ex, with the Brugler500 indx steady at 336.

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