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Market Impact: 0.22
Cotton Falling Early on Friday
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesTrade Policy & Supply ChainCurrency & FXEnergy Markets & Prices
Cotton futures were down 50 to 60 points in Friday morning trading after declining 29 to 79 points on Thursday. The U.S. dollar index rose 0.609 and crude oil gained $2.49 per barrel, while USDA reported export sales of 202,567 running bales. The stronger dollar and continued futures weakness are near-term bearish for cotton prices, although the reported export-sales volume provides some demand support.
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