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Barchart
Barchart
Austin Schroeder

THE TRUTH ABOUT: Cotton rally extends to tuesday - The Untold Story

Cotton futures posted 66 to 114 point gains across the board on Tuesday. The US dollar index was 0.278 higher at $98.185. Crude oil was up another $2.19 to $91.80

NASS Crop Progress data showed 11% of the US cotton crop planted as of April 19, which was 1 percentage point ahead of the 5-year average of 10%. All of the 15 major states reported were at or ahead of average, with exception to LA and VA, with TX matching the normal pace at 16%.

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