Cotton futures saw sharp front month losses of 125 to 148 points in the old crop, with other contracts down 12 to 87 points. Crude oil was down another 81 cents/bbl to $73.19. The US dollar index is up another $0.391 at $101.165.
Monday afternoon’s Crop Progress showed 92% of the US cotton crop planted as of Sunday, 2% behind the average pace, with 27% squared, 2% ahead of normal. The crop was also 5% setting bolls, matching the 5-year average pace. Condition ratings were pegged at 53% good/excellent, up 3 percentage points on the week. The Brugler500 index was down 1 point to 345. Ratings in TX were down 8 points, with GA slipping 3 points.
