Cotton pushes on Tuesday

Cotton futures fell another 50-75 points on Tuesday. Crude was an additional 32 cents/barrel of $68.25, while the US dollar index was $0.014 higher to $97.155.

Weekly crop progress data showed that US cotton crops were 48% squared, with 14% setting bolls, both of which were average behind. The condition rating increased by 1% and increased GD/EX, with the Brugler 500 index steady at 336. There was a localization in Texas, and GA improved by 9 points.

The Cotlook A index was unchanged on 7/7 of 79.15. Ice Cotton Stock reduced 2,335 ba ba oil via certification on July 7th, with a certified stock level of 37,989 bale. USDA’s adjusted global price (AWP) rose 116 points at 55.34 cents/lb Thursday.

Cotton closed at 64.68 on July 25th, falling 71 points.

On October 25th, cotton was closed at 66.08, falling 71 points.

Cotton closed at 67.38 on December 25th, falling 51 points

On the date of publication, Austin Schroeder had no position (directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published barchart.com