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Market Impact: 0.25

Cotton Coming out Of the Weekend with Sharp Gains

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEnergy Markets & PricesMarket Technicals & Flows

Cotton futures jumped 120–163 points Monday morning, with front months up as much as 74 points and the May contract +165 points on the week. Some deferred contracts saw only small Friday gains (as little as 7 points). Crude oil also climbed $3.57 to $99.30, reinforcing broadly firmer commodity price action.

Analysis

Cotton futures jumped 120–163 points Monday morning, with front months up as much as 74 points and the May contract +165 points on the week. Some deferred contracts saw only small Friday gains (as little as 7 points). Crude oil also climbed $3.57 to $99.30, reinforcing broadly firmer commodity price action.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.10