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Austin Schroeder

Cotton Bulls Pushing Higher on Wednesday

Cotton IS United States Donald Trump crude oil Oil Iran Middle East US Dollar

Cotton futures are pushing off the early weakness on Wednesday with gains of 60 to 75 points at midday. The US dollar index is $0.614 lower at $99.140. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested Iran is looking for a ceasefire.

March Prospective Plantings data from Tuesday morning showed cotton acres seen at 9.64 million acres this spring. That was a 409,000 increase from estimates and would be 357,000 acres above a year ago.

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