Cotton Fading Lower on Tuesday

Cotton futures are trading with contracts 3 to 75 points lower so far on Tuesday. Crude oil is up $4.54 per barrel on the session, with the US dollar index up $0.219. 

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%.

The Cotlook A index was down 205 points on September 14 at 96.15. ICE certified cotton stocks were steady on Monday, with the certified stocks level at 38,462 bales. The Adjusted World Price was back down 441 points on last week to 69.51 cents/lb.

Oct 26 Cotton  is at 80.61, down 3 points,

Dec 26 Cotton  is at 83.91, down 64 points,

Mar 27 Cotton  is at 86.37, down 75 points

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.