Cotton Pulling Off Highs as Acres Exceed Expectations

Cotton futures are modestly higher, up roughly 9–14 points but retreating from earlier session strength. The U.S. dollar index is down 0.408 to 99.945 and crude oil is trading up $1.71 to $104.59. March Prospective Plantings data was released this morning with cotton acreage estimates (article truncated), suggesting the day's moves are driven by routine supply-data and cross-market FX/energy flows rather than a major shock.

Analysis

Cotton futures are modestly higher, up roughly 9–14 points but retreating from earlier session strength. The U.S. dollar index is down 0.408 to 99.945 and crude oil is trading up $1.71 to $104.59. March Prospective Plantings data was released this morning with cotton acreage estimates (article truncated), suggesting the day's moves are driven by routine supply-data and cross-market FX/energy flows rather than a major shock.