Cotton prices are trading with Wednesday morning gains of 110 to 159 points. Futures saw gains of 35 to 184 point gains across the board on Tuesday. Crude oil was down $4.08 at $76.673. The US dollar index was down $0.071 at $99.305.
Monday afternoon’s Crop Progress showed US cotton condition ratings were pegged at 51% good/excellent, down 2 percentage points on the week. The Brugler500 index was up 1 to 346 as 3% shifted from very poor to fair. Conditions in TX were up 5 points, with GA improving 2.