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Barchart
Barchart
Austin Schroeder

Cotton Rallies into the Wednesday Close

Cotton crude oil Oil United States US Dollar

Cotton futures were in rally mode late on Wednesday, with contracts up 104 to 106 points in the front months. Crude oil was down $1.41/bbl to $68.09. The US dollar index was up $0.243 at $101.200.

The annual June Acreage report showed all cotton acres this spring planted at 9.85 million, which was above the trade ideas of 9.6 million and the March number at 9.64 million acres.

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