Cotton futures are under pressure, down 10 to 48 points Thursday morning after Wednesday losses of 33 to 121 points across most contracts. A stronger US dollar index at $99.155 and lower crude oil prices, down $4.48 to $89.41, are adding bearish pressure on the cotton market. The move appears commodity-driven and routine rather than a major catalyst.
Cotton futures are under pressure, down 10 to 48 points Thursday morning after Wednesday losses of 33 to 121 points across most contracts. A stronger US dollar index at $99.155 and lower crude oil prices, down $4.48 to $89.41, are adding bearish pressure on the cotton market. The move appears commodity-driven and routine rather than a major catalyst.
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mildly negative
Sentiment Score
-0.20
