Cotton futures were mixed on Friday, trading 7 points lower to 10 points higher, while May cotton was up 230 points for the week. The U.S. dollar index fell $0.104 to $98.485, and crude oil dropped $2.24 on the day as risk was reduced ahead of the weekend. The note is largely descriptive and points to modest cross-asset pressure rather than a major catalyst.
Cotton futures were mixed on Friday, trading 7 points lower to 10 points higher, while May cotton was up 230 points for the week. The U.S. dollar index fell $0.104 to $98.485, and crude oil dropped $2.24 on the day as risk was reduced ahead of the weekend. The note is largely descriptive and points to modest cross-asset pressure rather than a major catalyst.
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