Cotton Futures Trading Higher
December Cotton is trading at 72.67, up 0.38 cents/lb.
March Cotton is trading at 73.27, up 0.29 cents/lb.
Cotton futures are trading near the highs of the session early Tuesday morning.
The weekly cotton crop condition report showed 52 percent of the crop was rated good to excellent versus 54 percent a week ago and 57 percent a year ago. The ten year average at this time of year is 48 percent. The report showed 13 percent of the crop was rated poor to very poor versus 10 percent a week ago and 8 percent a year ago. The ten year average at this time of year is 20 percent.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.