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Cotton Market: Slipping Lower on Wednesday
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AI Overview
Cotton futures slipped on Wednesday, with contracts down 146 to 190 points, as crude oil fell $2.61/bbl to $70.60 and the US dollar index rose $0.172 to $101.345. The Seam reported 88 bales sold on June 23 at an average price of 72.15 cents.
The bearish sentiment was driven by a strengthening US dollar, which makes cotton more expensive for foreign buyers, and lower crude oil prices, which can reduce demand for cotton as a substitute for synthetic fibers. This impacts textile manufacturers and apparel retailers that rely on cotton as a key input.
Investors should watch for USDA's weekly export sales data on Thursday, which could provide insights into global demand for US cotton, and the monthly Cotlook A Index update, which measures the average price of cotton in the world market. Additionally, the trend of crude oil prices and the US dollar index will continue to influence cotton futures.
The bearish sentiment was driven by a strengthening US dollar, which makes cotton more expensive for foreign buyers, and lower crude oil prices, which can reduce demand for cotton as a substitute for synthetic fibers. This impacts textile manufacturers and apparel retailers that rely on cotton as a key input.
Investors should watch for USDA's weekly export sales data on Thursday, which could provide insights into global demand for US cotton, and the monthly Cotlook A Index update, which measures the average price of cotton in the world market. Additionally, the trend of crude oil prices and the US dollar index will continue to influence cotton futures.
AI Overview as of Jun 30, 2026
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Last UpdatedMay 01, 2026