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Barchart
Barchart
Austin Schroeder

Cotton Weakness Continuing on Tuesday Morning

Cotton Ice United States US Dollar

Cotton price action is down 29 to 33 points so far on Tuesday morning. Futures were back down 44 to 63 points across the nearby contracts on Monday. The outside markets provided mixed factors, as the US dollar index was back up $0.746 on the day to $98.345, with crude oil futures $1.10 higher.

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.

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