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Cotton Bulls Rally Back to Close Higher on Tuesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsCurrency & FXEnergy Markets & PricesEconomic Data

Cotton futures firmed late on Tuesday, ending up 1 to 14 points in most front-month contracts. Macro inputs were mixed, with the U.S. dollar index up $0.162 to 98.480 and crude oil higher by $3.26 to $99.63, while NASS Crop Progress showed 16% of the U.S. cotton crop planted. The update is routine market commentary with limited standalone impact.

Analysis

Cotton futures firmed late on Tuesday, ending up 1 to 14 points in most front-month contracts. Macro inputs were mixed, with the U.S. dollar index up $0.162 to 98.480 and crude oil higher by $3.26 to $99.63, while NASS Crop Progress showed 16% of the U.S. cotton crop planted. The update is routine market commentary with limited standalone impact.

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