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Market Impact: 0.32
Cotton Slips Lower into the Wednesday Close with Outside Pressure
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsInterest Rates & YieldsMonetary PolicyCurrency & FXEnergy Markets & Prices
Cotton futures were steady to 66 points lower, led by the October contract, as crude oil fell $3.69 per barrel and the U.S. dollar index rose 0.719. The Federal Reserve raised interest rates by 25bps as expected and indicated potential for further policy tightening, creating a cautious backdrop for commodity prices.
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