Cotton Declines on Tuesday as Condition Ratings Decrease

Cotton Market Update: Cotton futures declined, with October, December, and March contracts closing down 64, 49, and 53 points respectively. The USDA's Crop Progress report indicated that 90% of the US cotton crop is setting bolls, but condition ratings have dropped to 51% good/excellent.

Price and Stock Information: The Seam reported 322 bales sold at an average price of 63.77 cents/lb, while the Cotlook A Index decreased to 77.95 cents. The USDA's Adjusted World Price fell to 54.94 cents/lb, reflecting a broader trend of declining prices in the cotton market.