Cotton Collapsing at Wednesday’s Midday

Cotton futures fell 170 to 230 points across the front months, indicating near-term pressure in the cotton market. The stronger U.S. dollar index, up 0.179 to 98.400, is a headwind for dollar-denominated commodities, while crude oil's $3.93 gain to $93.60 adds a mixed cross-commodity signal. The Seam reported 905 bales sold on April 21 at an average of 74.69.

Analysis

Cotton futures fell 170 to 230 points across the front months, indicating near-term pressure in the cotton market. The stronger U.S. dollar index, up 0.179 to 98.400, is a headwind for dollar-denominated commodities, while crude oil's $3.93 gain to $93.60 adds a mixed cross-commodity signal. The Seam reported 905 bales sold on April 21 at an average of 74.69.