Cotton futures are down 95 to 110 points Tuesday morning after rallying 152 to 304 points across most contracts on Monday, signaling choppy price action. The stronger U.S. dollar index at $97.800 and higher crude oil at $98.25 provide mixed macro inputs, while NASS Crop Progress data is cited as a near-term market driver.
Cotton futures are down 95 to 110 points Tuesday morning after rallying 152 to 304 points across most contracts on Monday, signaling choppy price action. The stronger U.S. dollar index at $97.800 and higher crude oil at $98.25 provide mixed macro inputs, while NASS Crop Progress data is cited as a near-term market driver.
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Request a DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
