**Cotton Futures and Crop Progress: Key Updates**
As of midday Tuesday, cotton futures have increased by 108 to 146 points. The recent Crop Progress report indicates that 86% of the U.S. cotton crop was planted as of Sunday, which is 2% behind the average pace. Meanwhile, 19% of the crop has squared, surpassing the normal by 2%. The condition ratings stand at 51% good/excellent, representing a 2 percentage point decline from the previous week.
Additionally, the Seam reported the sale of 396 bales on June 15 at an average price of 68 cents. The Cotlook A Index increased by 30 points, reaching 85.05 cents. ICE certified cotton stocks remained unchanged at 192,699 bales, while the Adjusted World Price saw a decrease of 194 points, now at 61.26 cents per pound.
Looking ahead, West Texas and the Panhandle are expected to face a drier weather pattern, contrasting with heavy rainfall totals forecasted for the eastern half of the state through Georgia.
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