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Cotton Rally Continuing on Friday Morning

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & FlowsCurrency & FXEnergy Markets & PricesEconomic Data

Cotton futures were up 60 to 75 points Friday morning after closing 11 to 71 points higher on Thursday, extending the recent rally. Broader market inputs were mixed, with the US dollar index up $0.184 to $98.035 and crude oil rising $1.90. The note also references upcoming USDA Export Sales data, but provides no major new fundamental shock.

Analysis

Cotton futures were up 60 to 75 points Friday morning after closing 11 to 71 points higher on Thursday, extending the recent rally. Broader market inputs were mixed, with the US dollar index up $0.184 to $98.035 and crude oil rising $1.90. The note also references upcoming USDA Export Sales data, but provides no major new fundamental shock.

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