Cotton futures were up 166 to 246 points early Thursday after Wednesday’s 8 to 65-point pullback as bulls took some money off the table ahead of month end. The move comes alongside a stronger U.S. dollar index at 98.835, while crude oil was also extending higher. The update is largely a market-flows and cross-asset price-action note rather than a fundamental shift.
Cotton futures were up 166 to 246 points early Thursday after Wednesday’s 8 to 65-point pullback as bulls took some money off the table ahead of month end. The move comes alongside a stronger U.S. dollar index at 98.835, while crude oil was also extending higher. The update is largely a market-flows and cross-asset price-action note rather than a fundamental shift.
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neutral
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0.12
