Cotton futures closed Tuesday lower despite a midday rebound, with contracts down 23 to 74 points on the session. Crude oil rose $1.69 and the US dollar index gained $0.325, while Monday’s Crop Progress showed 60% of the US cotton crop squared, weighing on sentiment.
Cotton futures closed Tuesday lower despite a midday rebound, with contracts down 23 to 74 points on the session. Crude oil rose $1.69 and the US dollar index gained $0.325, while Monday’s Crop Progress showed 60% of the US cotton crop squared, weighing on sentiment.
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mildly negative
Sentiment Score
-0.22
