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Cotton Coming Out of Memorial Day Weekend with Strength

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsCurrency & FX

Cotton futures are up 2 to 57 points in Tuesday morning trade after Friday's sharp decline, which saw most contracts fall 8 to 56 cents. July cotton was down 319 points on the week and December fell 258 points versus last Friday. A firmer U.S. dollar index, up $0.052, adds pressure to cotton prices.

Analysis

Cotton futures are up 2 to 57 points in Tuesday morning trade after Friday's sharp decline, which saw most contracts fall 8 to 56 cents. July cotton was down 319 points on the week and December fell 258 points versus last Friday. A firmer U.S. dollar index, up $0.052, adds pressure to cotton prices.

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mildly negative

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