Cotton prices continue to see support from outside factors, as contracts are up 35 to 40 points at midday, with crude oil up another $2/barrel. Futures saw losses of 5 to 56 points on Tuesday. The dollar index added some pressure, up 414 points. Crude oil futures were up $2.73/barrel, on increased tensions out of the Middle East as Iran sent a barrage of missiles to Israel.  

Weekly Crop Progress data from NASS showed 72% of the US cotton crop with bolls opening, 1% ahead of normal, with harvest listed at 20% complete. Cotton condition ratings fell 6% to 31% in gd/ex, as the Brugler500 index was down another 14 points to 281. Harvest in GA was 6% complete, with 77% of the bolls open, imply some crop damage, as the Brugler500 index was down 51 points. NC ratings were down 48 points, with TN dropping 40, as TX slipped by 8 points.

The monthly Cotton Systems report from USDA showed 1,271 RB consumed domestically in the US in August, a 3-year high for the month. Stocks were down 1 RB from last month at 970 RB.

The Seam reported just 794 online cash cotton bale sales on Monday, averaging 70.51 cents/lb. ICE cotton stocks were unchanged on September 30, leaving 265 bales of certified stocks. The Cotlook A Index was down 25 points on September 30 at 84.40 cents/lb. The USDA Adjusted World Price (AWP) was raised by 223 points last Thursday to 61.06 cents/lb. 

Dec 24 Cotton  closed at 73.25, down 36 points, currently up 40 points

Mar 25 Cotton  closed at 75.26, down 10 points, currently up 37 points

May 25 Cotton  closed at 76.42, down 10 points, currently up 35 points