Cotton traded mostly in the red on Tuesday, finishing the session near the lows. Prices ended down by 65 to 145 points. Dec saw a 177 point range on the day, and closed just 5 points off the low. 

NASS reported 96% of the cotton crop was squaring, 72% setting bolls, and 13% of bolls opening as of 8/13. Condition ratings were lower on the week, with a 20 point drop to 280 for the Brugler500 Index. Oklahoma fell the most on a 56 point drop to 239. Texas, which was down 23 points, maintained the worst score of the 15 reported states at 220. 

The Cotlook A Index was shown at 96.7 cents/lb for 8/11, up by 80 points. USDA’s weekly Cotton Market Review had 3,956 bales sold at an average gross price of 80.96 cents/lb. The updated AWP for cotton is 70.25 cents/lb, from 70.19c last week. ICE Certified Stocks for 8/9 were 380 bales. 

Dec 23 Cotton closed at 85.1, down 137 points,

Mar 24 Cotton closed at 85.01, down 130 points,

May 24 Cotton closed at 85.01, down 120 points