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Cotton Rallies on Tuesday

Commodity FuturesCommodities & Raw MaterialsEnergy Markets & PricesCurrency & FXEconomic Data

Cotton futures rose 35 to 184 points across the board on Tuesday, pointing to modestly firmer pricing in the commodity. Crude oil fell $4.08 to $76.673 and the US dollar index slipped 0.071 to 99.305, while USDA Crop Progress showed 86% of the US cotton crop planted as of Sunday, 2% behind average.

Analysis

Cotton futures rose 35 to 184 points across the board on Tuesday, pointing to modestly firmer pricing in the commodity. Crude oil fell $4.08 to $76.673 and the US dollar index slipped 0.071 to 99.305, while USDA Crop Progress showed 86% of the US cotton crop planted as of Sunday, 2% behind average.

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Market Sentiment

Overall Sentiment

mildly positive

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0.15