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Cotton futures prices positive sentiment in agricultural

Model: NS-40F401NA26
SKU: 6614066
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Positive sentiment in agricultural commodities is lifting cotton futures prices to 82.50 cents. Traders see potential for further gains if weather models continue to project dry conditions across West Africa’s cotton-producing regions. Cotton futures are showing 29 to 40 point gains across most contracts so far on the Turnaround Tuesday session. The US dollar index is down another $0.119 on the day to $97.460, with crude oil slipping back 58 cents. Crude oil futures on the NYMEX rose over $1 per barrel, driven by rising global tensions, though gains were capped by data showing higher US inventories. Costlier oil raises polyester production costs, indirectly supporting cotton prices.