Cotton Extends Rally to Tuesday, Nearing Limit Gains

Written on 07/08/2026
Austin Schroeder

Cotton futures closed with contracts 99 to 299 points higher, with some contracts hitting the three cent limit at the high. The outside markets were mixed, as Crude oil was up $3.65 following Iran striking vessels in the Strait of Hormuz overnight. The US responded by revoking waivers authorizing Iran...Cotton field by Jim Black via Pixabay