Cotton Falling Lower at Midday, with Oil a Pressure Factor

Cotton futures are lower by 145 to 168 points at Tuesday midday, pressured by weaker outside markets including crude oil down $4.86 to $86.44/barrel. The U.S. dollar index is also slightly lower at $99.935, while Crop Progress shows 77% of the U.S. cotton crop planted as of Sunday.

Analysis

Cotton futures are lower by 145 to 168 points at Tuesday midday, pressured by weaker outside markets including crude oil down $4.86 to $86.44/barrel. The U.S. dollar index is also slightly lower at $99.935, while Crop Progress shows 77% of the U.S. cotton crop planted as of Sunday.