Cotton futures are following Monday’s 10 to 13 point gains in the nearby contracts with 92 to 103 point losses on Tuesday morning. USDA reported 83% of the US cotton crop had bolls opening by Sunday. Harvest was pegged at 25% complete, ahead of the 20% normal pace. Condition rating were down 1% to 39% gd/ex, with the Brugler500 index indicating a 323 score for the 15 states, UNCH from last week. The Cotlook A Index was up 30 points at 72.25 cents/lb for October 4. The AWP is 53.36 cents/lb., effective through Thursday.
-- provided by Brugler Marketing & Management