Cotton futures are trading 110 to 159 points higher this morning after Tuesday gains of 35 to 184 points across the board. The move comes alongside a $4.08 decline in crude oil to $76.673 and a $0.071 decline in the U.S. dollar index to 99.305. Monday afternoon’s Crop Progress update also points to supply-side weather and field-condition factors influencing cotton pricing.
Cotton futures are trading 110 to 159 points higher this morning after Tuesday gains of 35 to 184 points across the board. The move comes alongside a $4.08 decline in crude oil to $76.673 and a $0.071 decline in the U.S. dollar index to 99.305. Monday afternoon’s Crop Progress update also points to supply-side weather and field-condition factors influencing cotton pricing.
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mildly positive
Sentiment Score
0.18
