Cotton Sees Front Month Limit Gains on Thursday

Cotton futures closed Thursday at the 3-cent limit up in July, with the May contract also up 3 cents and most other contracts 102 to 254 points higher. The weaker U.S. dollar index, down 0.877 to 97.950, and lower crude oil at $105.41, down $1.47, provide broader market context for the move. The article is largely a price-and-conditions update, suggesting limited but supportive near-term sentiment for cotton.

Analysis

Cotton futures closed Thursday at the 3-cent limit up in July, with the May contract also up 3 cents and most other contracts 102 to 254 points higher. The weaker U.S. dollar index, down 0.877 to 97.950, and lower crude oil at $105.41, down $1.47, provide broader market context for the move. The article is largely a price-and-conditions update, suggesting limited but supportive near-term sentiment for cotton.