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Cotton Rally Pushes Prices Higher on Wednesday

Energy Markets & PricesCommodities & Raw MaterialsMarket Technicals & Flows

Cotton futures are off their Thursday morning highs, trading down 111 to 122 points, reversing some of Wednesday’s gains. Still, Wednesday’s session closed higher with contracts up 24 to 96 points. The move is occurring alongside firmer crude oil (+$0.90) and a stronger US dollar index (+$0.356).

Analysis

Cotton futures are off their Thursday morning highs, trading down 111 to 122 points, reversing some of Wednesday’s gains. Still, Wednesday’s session closed higher with contracts up 24 to 96 points. The move is occurring alongside firmer crude oil (+$0.90) and a stronger US dollar index (+$0.356).

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