Cotton futures rallied late Wednesday, with front-month contracts up 104 to 106 points. At the same time, crude oil fell $1.41/bbl to $68.09 and the US dollar index rose $0.243 to 101.200. The annual June Acreage report indicated cotton planting this spring at 9.85... acres (figure truncated in the article), supporting near-term cotton supply expectations.
Cotton futures rallied late Wednesday, with front-month contracts up 104 to 106 points. At the same time, crude oil fell $1.41/bbl to $68.09 and the US dollar index rose $0.243 to 101.200. The annual June Acreage report indicated cotton planting this spring at 9.85... acres (figure truncated in the article), supporting near-term cotton supply expectations.
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mildly positive
Sentiment Score
0.25
