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Cotton Rally Pushes Prices Higher on Wednesday

Commodities & Raw MaterialsEnergy Markets & PricesNatural Disasters & Weather

Cotton futures finished Wednesday higher, up 24 to 96 points at the close. Crude oil rose $0.90 on the day, while the US dollar index gained $0.356. Central Texas is forecast to see 1 to 3 inches of precipitation over the next week, a potential near-term swing factor for cotton supply expectations.

Analysis

Cotton futures finished Wednesday higher, up 24 to 96 points at the close. Crude oil rose $0.90 on the day, while the US dollar index gained $0.356. Central Texas is forecast to see 1 to 3 inches of precipitation over the next week, a potential near-term swing factor for cotton supply expectations.

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