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Austin Schroeder

EXPLAINED: Cotton posts gains on monday - The Real Truth

Cotton Oil United States US Dollar

Cotton futures closed out the Monday session with contracts posting 28 to 69 point gains. Crude oil was down $1.59/barrel at $66.86, with the US dollar index $0.256 higher to $97.785.

Weekly Crop Progress data showed a total of 61% of the US cotton crop squaring, with 23% setting bolls. Condition ratings were up 2% to 54% gd/ex, as the Brugler500 index was up 3 points to 339.

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