Cotton Getting a Modest Pop Higher on Monday Morning

Cotton futures were up 50 to 91 points Monday morning after finishing Friday down 151 to 333 points, with July off 412 points last week and December down 355 points. The move reflects continued volatility in commodity futures rather than a major new fundamental catalyst. The stronger U.S. dollar index, up $0.467 to $99.195, may add modest pressure to cotton pricing.

Analysis

Cotton futures were up 50 to 91 points Monday morning after finishing Friday down 151 to 333 points, with July off 412 points last week and December down 355 points. The move reflects continued volatility in commodity futures rather than a major new fundamental catalyst. The stronger U.S. dollar index, up $0.467 to $99.195, may add modest pressure to cotton pricing.