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Cotton Reverts Higher at Midday

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Cotton futures rose 15 to 46 points on Tuesday. The US Dollar Index gained $0.310 to 99.035. Crude oil closed up $0.26 but showed late pressure after reports of a potential one-month ceasefire in the Middle East, which likely capped near-term oil upside.

Analysis

Cotton futures rose 15 to 46 points on Tuesday. The US Dollar Index gained $0.310 to 99.035. Crude oil closed up $0.26 but showed late pressure after reports of a potential one-month ceasefire in the Middle East, which likely capped near-term oil upside.

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