Cotton Reverting from Early Losses at Friday’s Midday

Cotton futures are up 95 to 110 points on Friday after an early-morning selloff, with support from a $0.270 decline in the U.S. dollar index to 97.775. Crude oil is down $11.27 after Iran agreed to open the Strait of Hormuz, a geopolitical development that eases supply concerns and may influence broader commodity sentiment. The article is primarily a near-term market update on cotton and related macro/commodity drivers.

Analysis

Cotton futures are up 95 to 110 points on Friday after an early-morning selloff, with support from a $0.270 decline in the U.S. dollar index to 97.775. Crude oil is down $11.27 after Iran agreed to open the Strait of Hormuz, a geopolitical development that eases supply concerns and may influence broader commodity sentiment. The article is primarily a near-term market update on cotton and related macro/commodity drivers.