Cotton prices are up 36 to 61 points so far on Wednesday morning. Futures were 8 to 25 points higher to close out the Tuesday session. The US dollar index was up $0.323 on the day to $97.735 with crude oil futures $0.51 higher.
Crop Progress data showed a total of 97% of the US cotton crop was setting bolls as of Sunday, with 40% of the crop with bolls opening. Harvest was tallied at 8% complete, 2 points ahead of normal. Texas was the only of the 15 states reported with any harvest progress, at 19%, 6% above the average pace. Cotton conditions were up 3% to 54% gd/ex, as the Brugler500 index rose 5 points to 349. By state, TX ratings were up 8 points, with GA down 5 points.
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