Cotton futures corrected Tuesday, with contracts down 10 to 137 points across the board. The U.S. dollar index rose $0.150 to $99.255, while crude oil gained $0.07 to $103.59. NASS Crop Progress data showed 41% of the U.S. cotton crop planted, adding a routine supply-side update that may weigh on cotton sentiment.
Cotton futures corrected Tuesday, with contracts down 10 to 137 points across the board. The U.S. dollar index rose $0.150 to $99.255, while crude oil gained $0.07 to $103.59. NASS Crop Progress data showed 41% of the U.S. cotton crop planted, adding a routine supply-side update that may weigh on cotton sentiment.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
