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Austin Schroeder

SHOCKING: Cotton pulling back early on tuesday | Mind Blowing Facts

Cotton Oil Ice NASS Crop Progress United States US Dollar

Cotton prices are down 95 to 110 points so far on Tuesday morning. Futures rallied 152 to 304 points across most contracts on Monday, with some deferreds lower. The US dollar index was $0.016 higher at $97.800. Crude oil was up $2.83 at $98.25 on Monday.

NASS Crop Progress data showed 29% of the US cotton crop planted as of May 10, which was 1 percentage point ahead of the 5-year average of 28%.

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