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Austin Schroeder

FORGOTTEN HISTORY: Cotton falling on tuesday as conditions improve - The Untold Story

Cotton IS Oil NASS United States US Dollar

Cotton futures are showing midday losses of 33 to 44 points on Tuesday, with October up 2 points. The US dollar index is up $0.063 to $98.080, as crude oil futures were back down $0.80.

The weekly Crop Progress report from NASS showed a total of 97% of the US cotton crop squared by August 10, with 73% setting bolls, 7 points behind average. There was 13% of the crop with bolls opening vs. 16% on average. Conditions were back up 2% at 55% gd/ex, with the Brugler500 index shooting 11 points higher to 349.

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