Cotton Market Lower As Planting Pace Slips
BRUG - Tue Jun 11, 7:28AM CDT

Cotton futures are trading 15 to 37 points lower this morning. They were up 6 to 40 points in most contracts on Monday, ignoring thinly traded Oct. The USDA weekly Crop Progress report showed US cotton planting advancing just 4% from last week to 75% complete. That is behind the average pace of 87%, with 11% squaring. Condition ratings were down 2% to 44% gd/ex, with the Brugler500 index down 9 points to 329. The Cotlook A index for June 7 was down 25 points from the previous day to 79.35 cents/lb. The weekly Average World Price (AWP) from USDA is now 61.51 cents/lb through next Thursday.

--provided by Brugler Marketing & Management

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