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Barchart
Barchart
Austin Schroeder

Cotton Rally Extending to Tuesday AM Trade

Cotton Oil Ice United States US Dollar

Cotton price action is up another 40 to 64 points on Tuesday morning. Futures posted gains for 55 to 64 points in the nearbys on Monday to rally out of the holiday slowed weeks. Crude oil futures were back up $1.08 per barrel at $58.34. The US dollar index was down $0.113 at $98.045.

USDA’s Export Sales report from Monday showed a total of 133,996 RB of cotton sold in the week ending on 12/25. Shipments were tallied at 140,723 RB, back down from the week prior. 

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