Cotton futures fell on Tuesday, dropping 14 to 25 points. The stronger US dollar and lower crude oil prices added pressure.

The latest Crop Progress report showed 73% of the US cotton crop had set bolls by August 17, slightly behind the average, while 13% had bolls opening, also below average. Crop conditions improved to 55% good/excellent, with big gains in Texas but some decline in Georgia.

On Monday, 1,687 bales were sold online at an average of 64.25 cents/lb. The Cotlook A Index slipped to 79.15 cents, and certified ICE cotton stocks held at 17,017 bales. USDA’s Adjusted World Price rose to 55.05 cents/lb.

Closing prices:

• Oct 25 Cotton: 66.25, down 17 points

• Dec 25 Cotton: 67.56, down 25 points

• Mar 26 Cotton: 69.19, down 14 points