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Barchart
Barchart
Austin Schroeder

Cotton Starting Wednesday on a Steady Note

Cotton USDA Oil Ice United States US Dollar

Cotton prices action is marginally mixed on Wednesday, with contracts within 4 points of unchanged. Futures posted modest gains of 5 to 15 points on Tuesday.  Crude oil futures were down 41 cents at the close. The US dollar index was weaker, down $0.475 to $97.095.

Weekly USDA Crop Progress data indicated 75% of the US cotton crop was squaring as of July 20, with 33% setting bolls, matching the average maturity pace. Condition ratings across the Belt improved 3% to 57% gd/ex, with the Brugler500 index up 8 points to 347.

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