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Cotton Posts Monday Gains, as Ratings Slip

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Cotton futures rallied on Monday, with front-month contracts up 112 to 138 points and deferreds gaining 48 to 99 points. Outside markets were relatively muted (crude oil down $0.09 and the US dollar index up $0.004). The afternoon US Crop Progress report showed 49% of the crop... (article truncated), supporting the bid.

Analysis

Cotton futures rallied on Monday, with front-month contracts up 112 to 138 points and deferreds gaining 48 to 99 points. Outside markets were relatively muted (crude oil down $0.09 and the US dollar index up $0.004). The afternoon US Crop Progress report showed 49% of the crop... (article truncated), supporting the bid.

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