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Barchart
Barchart
Austin Schroeder

EXPLAINED: Cotton posting modest tuesday gains | Rare Historical Photos

Cotton futures are 9 to 15 points higher so far on the Tuesday session. The US dollar index is up $0.238 on the day to $97.655 with crude oil futures $0.52 higher. 

Crop Progress data showed a total of 97% of the US cotton crop was setting bolls as of Sunday, with 40% of the crop with bolls opening. Harvest was tallied at 8% complete, 2 points ahead of normal. Texas was the only of the 15 states that reported any harvest progress, at 19%, 6% above the average pace. Cotton conditions were up 3% to 54% gd/ex, as the Brugler500 index rose 5 points to 349. By state, TX ratings were up 8 points, with GA down 5 points.

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