Cotton futures are up 138 to 245 points so far on Tuesday. The outside markets are mixed, as Crude oil is up $1.87, with the US dollar index up $0.155.
Monday afternoon’s Crop Progress showed 49% of the US cotton crop squared as of Sunday, 2% ahead of normal. The crop was also 14% setting bolls, matching the 5-year average pace. Condition ratings were pegged at 46% good/excellent, down 2 percentage points on the week. The Brugler500 index was down 3 points to 332. Ratings in TX were down 2 points, with GA up 3.
