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Barchart
Barchart
Austin Schroeder

Cotton Turning Back Higher on Tuesday AM Trade

Cotton Ice crude oil Oil United States US Dollar

Cotton price action is up 40 to 71 points so far on Turnaround Tuesday. Futures closed the Monday session with contracts down 30 to 127 points across most contracts. The US dollar index was $0.146 higher at $98.065. Crude oil was up $3.20 to $105.14.

NASS Crop Progress data showed 21% of the US cotton crop planted as of May 3, which was 2 percentage points ahead of the 5-year average of 19%.

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