Cotton Fading Lower on Tuesday

Cotton futures are down 69 to 136 points across the front months, pressured by a firmer U.S. dollar, with the dollar index up $0.110 to 99.215. Crude oil is also weaker by $0.57 to $103.81, adding to the risk-off tone in commodity markets. NASS Crop Progress showed 41% of the U.S. cotton crop planted as of May, a routine supply update that adds context but is unlikely to be a major catalyst.

Analysis

Cotton futures are down 69 to 136 points across the front months, pressured by a firmer U.S. dollar, with the dollar index up $0.110 to 99.215. Crude oil is also weaker by $0.57 to $103.81, adding to the risk-off tone in commodity markets. NASS Crop Progress showed 41% of the U.S. cotton crop planted as of May, a routine supply update that adds context but is unlikely to be a major catalyst.