Cotton posted Turnaround Tuesday losses of 115 to 169 points at the Tuesday close.  Crude oil was $4.92 per barrel higher on the day, with the US dollar index up $0.235.

Weekly Crop Progress data showed 89% of the US cotton setting bolls as of Sunday, with 29% of the crop with bolls opening. Condition ratings were pegged at 39% good/excellent, up 2  percentage points on the week. The Brugler500 index was down another 2 points to 302 as poor/very poor ratings were up 3%. Ratings in Texas slipped another 2 points to 260.

The Seam reported sales of 75 bales on August 31 at an average price of 85.63 cents/lb. ICE certified cotton stocks were unchanged bales on Monday, with the certified stocks level at 63,178 bales. The Adjusted World Price was raised by another 190 points last week to 71.52 cents/lb. 

Oct 26 Cotton  closed at 90.01, down 169 points,

Dec 26 Cotton  closed at 91.55, down 159 points,

Mar 27 Cotton  closed at 93.68, down 146 points