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Cotton Rallying Higher on Tuesday

Commodity FuturesCommodities & Raw MaterialsEnergy Markets & PricesCurrency & FXFutures & OptionsEconomic Data

Cotton futures rose 75–85 points in the front months on Tuesday. Crude oil plunged $9.69 and the US dollar index fell 0.556 points to 98.620. The USDA WASDE report showed no changes to the US balance sheet, with stocks left at 4.4, indicating the report was broadly neutral for supply-demand assumptions.

Analysis

Cotton futures rose 75–85 points in the front months on Tuesday. Crude oil plunged $9.69 and the US dollar index fell 0.556 points to 98.620. The USDA WASDE report showed no changes to the US balance sheet, with stocks left at 4.4, indicating the report was broadly neutral for supply-demand assumptions.

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