Cotton futures are trading with contracts 100 to 253 points lower at the midday portion of the session. Crude oil is down another 66 cents/bbl to $73.18. The US dollar index is up another $0.396 at $101.190.
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.
