Cotton futures are up 138 to 245 points Tuesday, supported by mixed outside markets with crude oil up $1.87 and the US dollar index up 0.155. USDA Crop Progress reported 49% of the US cotton crop squared as of Sunday, 2% ahead of normal, providing a modest bullish supply/seasonal read-through for prices.
Cotton futures are up 138 to 245 points Tuesday, supported by mixed outside markets with crude oil up $1.87 and the US dollar index up 0.155. USDA Crop Progress reported 49% of the US cotton crop squared as of Sunday, 2% ahead of normal, providing a modest bullish supply/seasonal read-through for prices.
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mildly positive
Sentiment Score
0.18
