Cotton futures finished Monday 12 to 95 points lower, pressured alongside a $1.41/bbl drop in crude oil to $75.19 and a stronger U.S. dollar index at 100.770. Crop Progress showed 92% of the U.S. cotton crop planted as of Sunday, roughly 2 percentage points behind normal. The update is modestly bearish for cotton, but the market impact is likely limited.
Cotton futures finished Monday 12 to 95 points lower, pressured alongside a $1.41/bbl drop in crude oil to $75.19 and a stronger U.S. dollar index at 100.770. Crop Progress showed 92% of the U.S. cotton crop planted as of Sunday, roughly 2 percentage points behind normal. The update is modestly bearish for cotton, but the market impact is likely limited.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.18
