Cotton futures are 9 to 15 points higher so far on the Tuesday session. The US dollar index is up $0.238 on the day to $97.655 with crude oil futures $0.52 higher.
Crop Progress data showed a total of 97% of the US cotton crop was setting bolls as of Sunday, with 40% of the crop with bolls opening. Harvest was tallied at 8% complete, 2 points ahead of normal. Texas was the only of the 15 states that reported any harvest progress, at 19%, 6% above the average pace. Cotton conditions were up 3% to 54% gd/ex, as the Brugler500 index rose 5 points to 349. By state, TX ratings were up 8 points, with GA down 5 points.
The Seam reported 1,368 bales sold on Monday at an average price of 62.83 cents/lb. The Cotlook A Index was down 20 points at 77.40 cents on September 8. ICE cotton stocks were steady on 9/8, with the certified stocks level at 15,474 bales. USDA’s Adjusted World Price (AWP) was down another 63 points on Thursday at 54.31 cents/lb.
Oct 25 Cotton is at 64.66, up 9 points,
Dec 25 Cotton is at 66.36, up 15 points,
Mar 26 Cotton is at 68.27, up 13 points
