Cotton futures declined on Tuesday, with contracts falling by 19 to 29 points. This drop followed the release of March Prospective Plantings data indicating an expected 9.64 million acres of cotton to be planted this spring, which marks a 409,000-acre increase from estimates and is up 357,000 acres from last year.
The U.S. dollar index was recorded at $99.695, down $0.658, while crude oil futures decreased by $1.13 to $101.75. The Seam reported 2,566 bales sold on Monday at an average price of 61.79 cents per pound, with ICE certified cotton stocks remaining unchanged at 114,665 bales as of March 30. Key closing prices for cotton included May at 70 cents (down 19 points), July at 72.13 cents (down 29 points), and December at 74.34 cents (down 27 points).
