Cotton Market Down 92 to 103 Points After Monday Gains

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

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