Cotton futures closed 110 to 309 points higher on the session, supported by a weaker US dollar at $98.91 and higher crude oil prices at $107.25. NASS Crop Progress showed 41% of the US cotton crop planted as of May, a key supply-side update for the market. The report is constructive for cotton prices but remains primarily a commodity-specific move rather than a broad market driver.
Cotton futures closed 110 to 309 points higher on the session, supported by a weaker US dollar at $98.91 and higher crude oil prices at $107.25. NASS Crop Progress showed 41% of the US cotton crop planted as of May, a key supply-side update for the market. The report is constructive for cotton prices but remains primarily a commodity-specific move rather than a broad market driver.
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mildly positive
Sentiment Score
0.15
