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Austin Schroeder

Cotton Starts the Week with Modest Gains

Cotton Crop Progress United States Oil US Dollar

Cotton futures saw slight strength on Monday, with contracts up 1 to 19 points at the close. Crude oil was up $1.74 per barrel on the session, with the US dollar index $0.142 higher.

The weekly Crop Progress report showed 85% of the US cotton crop with bolls opening as of Sunday. Harvest was tallied at 41%, running 4 percentage points ahead of normal. Condition ratings were pegged at 35% good/excellent, up 1 percentage points on the week. The Brugler500 index was steady at 292.

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