Cotton prices fell by 35 to 39 points on Tuesday morning, following a Monday session where futures increased from 11 to 39 points. Meanwhile, crude oil futures rose by $1.79 per barrel, and the US dollar index climbed by $0.996 to reach 98.295.
As of July 27, 80% of the US cotton crop was squaring, with 44% setting bolls, though condition ratings dropped 2% to 55% rated good-to-excellent. The Brugler500 index also fell by 2 points to 345. On the sales front, The Seam reported 125 bales sold at an average price of 57 cents per pound.
For futures, October 25 Cotton closed at 67.4 cents (up 39 points but currently down 39 points), December 25 Cotton closed at 68.34 cents (up 11 points but currently down 35 points), and March 26 Cotton closed at 69.76 cents (up 11 points but currently also down 35 points).
