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Barchart
Austin Schroeder

YOU WONT BELIEVE: Cotton faces tuesday weakness - You Need To See This

Cotton United States crude oil Oil US Dollar

Cotton futures saw lower trade on Tuesday with contracts pulling off the lows into the close, still down 27 to 46 points in most contracts. Crude oil was down $3.90, with the US dollar index $0.089 lower.

Weekly Crop Progress data showed 81% of the US cotton setting bolls as of Sunday, with 20% of the crop with bolls opening. Condition ratings were pegged at 37% good/excellent, down 1 percentage points on the week. The Brugler500 index was down another 6 points to 304. Ratings in TX were down another 10 points to 262 points, with GA steady.

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