Cotton futures were weaker into Tuesday after Monday’s settlement left contracts down 12 to 95 points. Additional pressure came from a $1.41/bbl drop in crude oil to $75.19 and a firmer US dollar index at 100.770. The update also cites the Monday afternoon Crop Progress report, suggesting supply/crop conditions remain an active market driver.
Cotton futures were weaker into Tuesday after Monday’s settlement left contracts down 12 to 95 points. Additional pressure came from a $1.41/bbl drop in crude oil to $75.19 and a firmer US dollar index at 100.770. The update also cites the Monday afternoon Crop Progress report, suggesting supply/crop conditions remain an active market driver.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
