Cotton price action is steady to 8 points lower on Wednesday AM trade. Futures were down 52 to 61 points on the Tuesday session. The outside markets were mixed factors, as the US dollar index is back down $0.183 on the day to $98.135, with crude oil futures $1.49 lower.
On Monday afternoon. NASS reported the US cotton crop at 71% setting bolls, 6 points behind normal, with 20% of the crop with bolls opening, down 2 percentage points from average. Condition ratings slipped 1% to 54% gd/ex, with the Brugler500 index unchanged at 349. Ratings in TX were down 6, with GA 3 points lower.
