Cotton futures jump 60–95 points in early Tuesday trade
AI Market Summary
US cotton futures strengthened Tuesday morning, extending Monday's gains, with firmer crude and a higher dollar shaping the near-term macro backdrop for commodities. USDA Crop Progress showed faster-than-normal squaring and a modest improvement in good/excellent ratings, supporting supply expectations and sentiment. Physical indicators were mixed, with steady ICE certified stocks and a lower Cotlook A Index, suggesting spot-market softness alongside futures strength.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT+0.99%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▲ Bullish
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U.S. cotton futures rallied early Tuesday, with the most-active contracts up 60–95 points. The latest Crop Progress update showed 73% of the crop had squared as of Sunday, 1% ahead of normal, while good/excellent ratings improved to 45%. ICE certified stocks held at 98,838 bales, and the Cotlook A Index fell 225 points. Crude oil and the U.S. dollar index were also higher, adding to cost and currency-related moves.
