Why did cotton futures drop below 78 cents per pound?

U.S. cotton futures dipped below 78 cents per pound, stepping back from a one-month peak of 82.11 observed on May 28th, amidst favorable weather conditions and decreasing crude oil prices. While South Texas still lacked rain, above-average rainfall in various cotton-growing regions of Texas and Oklahoma added pressure to cotton markets.

Is there good news about cotton prices?

In terms of Cotton pricing, there is good news coming internationally. China's... Last week I tweeted: I believe the #commodities prices in food softs $DBA have bottomed. $GLD-well those who know me-that I pointed out bottomed months ago. $SLV now outperforming....

Why are cotton prices displayed in trading economics?

Cotton is the world’s most widely used natural fiber for clothing. Cotton prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our cotton market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions.