Cotton prices are down 8 to 11 points on Wednesday morning. Futures were mixed on Tuesday with nearby and thin October up 46 points and other contracts down 3 to 17 points. Crude oil was up $4.09 per barrel on the session, with the US dollar index up $0.249.
Weekly Crop Progress data showed 57% of the US cotton crop with bolls opening as of Sunday, with 8% of the crop with harvested. Condition ratings were pegged at 36% good/excellent, up 2 percentage points on the week. The Brugler500 index was steady at 298, as poor/very poor ratings were up 2%.
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