ICE cotton futures saw mostly steady movement on Tuesday, with the nearby and thin contracts unchanged, while December was down 10 points. Crude oil rose by $0.45 per barrel, and the U.S. dollar index fell by $0.193.

Weekly Crop Progress data showed that 95% of the U.S. cotton crop had been planted (versus the 98% average). About 40% of the crop was squaring — 3 points ahead of normal — and 9% was setting bolls. Condition ratings rose by 4% to 51% good/excellent, with the Brugler500 index up 9 points to 336. Ratings in Texas improved by 10 points, and Georgia was up 3 points.

The Seam reported 1,885 bales sold during Monday's online auction at an average price of 59.68 cents per pound. The Cotlook A Index rose 50 points on June 30 to 80.15. ICE certified cotton stocks fell by 4,427 bales on June 30 due to decertification, leaving total certified stocks at 40,683 bales. USDA’s Adjusted World Price (AWP) was raised by 15 points last Thursday to 54.18 cents/lb and is set to be updated again tomorrow.