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Cotton Easing Lower on Tuesday Morning

Commodity FuturesCommodities & Raw MaterialsCurrency & FXEnergy Markets & PricesEconomic DataMarket Technicals & Flows

Cotton prices are down 10 to 22 points Tuesday morning after gaining 20 to 36 points across most contracts on Monday. The U.S. dollar index is $0.053 lower at 97.845, while crude oil is back up $3.95 at midday. NASS Crop Progress data is also in focus, suggesting the cotton market is being driven by a mix of currency moves, energy prices, and crop conditions.

Analysis

Cotton prices are down 10 to 22 points Tuesday morning after gaining 20 to 36 points across most contracts on Monday. The U.S. dollar index is $0.053 lower at 97.845, while crude oil is back up $3.95 at midday. NASS Crop Progress data is also in focus, suggesting the cotton market is being driven by a mix of currency moves, energy prices, and crop conditions.

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