Cotton Slipping on Tuesday as Old Crop Stocks Remain Steady

Cotton futures are retreating 73 to 88 points on the session, pressured by a stronger U.S. dollar index at $98.265 and firmer crude oil at $101.85. The article also cites the annual USDA Cotton Ginnings report, which showed total ginnings of 13.539 million RB. The move appears modest and market-specific rather than broad-based.

Analysis

Cotton futures are retreating 73 to 88 points on the session, pressured by a stronger U.S. dollar index at $98.265 and firmer crude oil at $101.85. The article also cites the annual USDA Cotton Ginnings report, which showed total ginnings of 13.539 million RB. The move appears modest and market-specific rather than broad-based.