Cotton Back to Strength on Tuesday’s Midday

Cotton futures are trading 60 to 85 points higher across the front months, supported by a weaker dollar move and a $3.03 midday rise in crude oil. NASS Crop Progress showed 11% of the U.S. cotton crop planted as of April, providing a current supply-side data point. The article is a routine market update with modest price implications for the cotton complex.

Analysis

Cotton futures are trading 60 to 85 points higher across the front months, supported by a weaker dollar move and a $3.03 midday rise in crude oil. NASS Crop Progress showed 11% of the U.S. cotton crop planted as of April, providing a current supply-side data point. The article is a routine market update with modest price implications for the cotton complex.