Cotton prices are down 18 to 28 points on Tuesday morning. Futures posted sharp losses of 61 to 114 points across most contracts on Monday. Crude oil was down $2.02 per barrel on the session, with the US dollar index $0.212 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.
