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Barchart
Barchart
Austin Schroeder

THE TRUTH ABOUT: Cotton facing tuesday pressure - The Untold Story

Cotton futures are down 83 to 98 points across most front months on Tuesday. Crude oil is down $1.70 per barrel on the session, with the US dollar index $0.320 higher.

Crop Progress data tallied 89% of the US cotton crop with bolls opening as of 10/25, behind the 92% average pace. Harvest was 52% complete, 7 percentage points ahead of normal. Conditions slipped 2% to 33% gd/ex in the final rating for the year, as the Brugler500 index was down 3 points to 289.

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