⛏Cotton Futures
COTTON
▼ NegativeSupplyrelevance
Cotton futures decline as crop progress shows bolls setting and condition ratings falling, indicating supply dynamics.
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Cotton futures are trading 45 to 78 points lower Tuesday morning, reversing Monday's broad gains of 36 to 85 points. The US cotton crop is now 88% squared, matching the five-year average, and 55% setting bolls, with 4% of bolls already opening, according to the latest Crop Progress report. Condition ratings fell to 42% good-to-excellent, down 4 percentage points from the prior week, while the Brugler500 index dropped 11 points to 325. The Cotlook A Index rose 125 points on Friday to 90 cents, and ICE certified cotton stocks declined by 3,093 bales on July 31 to 87,606 bales. The Adjusted World Price was raised 84 points last week to 64.66 cents per pound.
Cotton futures decline as crop progress shows bolls setting and condition ratings falling, indicating supply dynamics.