Cotton futures were higher by 34 to 63 points by Monday midday, alongside crude oil up 24 cents/bbl and the US dollar index up 0.239. The latest Commitment of Traders read showed managed money spec funds adding 10,578 contracts to cotton futures and options after already building positions Friday afternoon, suggesting continued momentum/length in cotton.
Cotton futures were higher by 34 to 63 points by Monday midday, alongside crude oil up 24 cents/bbl and the US dollar index up 0.239. The latest Commitment of Traders read showed managed money spec funds adding 10,578 contracts to cotton futures and options after already building positions Friday afternoon, suggesting continued momentum/length in cotton.
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mildly positive
Sentiment Score
0.25
