Cotton futures are modestly higher on Tuesday, up 35–70 points at midday, even as the USDA reported more planted acres than expected in the June Acreage report. Other commodities are mixed: crude oil is down $0.82/bbl to $69.83, while the US dollar index is slightly higher at 100.995. Overall, the incremental news flow appears to be supporting cotton only modestly amid offsetting macro commodity and FX signals.
Cotton futures are modestly higher on Tuesday, up 35–70 points at midday, even as the USDA reported more planted acres than expected in the June Acreage report. Other commodities are mixed: crude oil is down $0.82/bbl to $69.83, while the US dollar index is slightly higher at 100.995. Overall, the incremental news flow appears to be supporting cotton only modestly amid offsetting macro commodity and FX signals.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
