Cotton futures are up 35 to 46 cents at midday, with managed money flipping from an 18,845-contract net short to a 16,825-contract net long in cotton. The weaker US dollar index, down $0.053 to $97.840, and a $4.92 midday rebound in crude oil are supportive inputs for commodity pricing. The move appears driven more by positioning and macro flows than by fresh fundamental news.
Cotton futures are up 35 to 46 cents at midday, with managed money flipping from an 18,845-contract net short to a 16,825-contract net long in cotton. The weaker US dollar index, down $0.053 to $97.840, and a $4.92 midday rebound in crude oil are supportive inputs for commodity pricing. The move appears driven more by positioning and macro flows than by fresh fundamental news.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.34
