Cotton futures are higher by about 38–63 points Thursday morning after Wednesday’s broad gains of 42–91 points across most contracts. Energy and FX are also supportive, with crude oil up $2.14/bbl and the US dollar index down 0.061. The NOAA 7-day QPF indicates very limited precipitation, which is a near-term positive input for cotton price expectations.
Cotton futures are higher by about 38–63 points Thursday morning after Wednesday’s broad gains of 42–91 points across most contracts. Energy and FX are also supportive, with crude oil up $2.14/bbl and the US dollar index down 0.061. The NOAA 7-day QPF indicates very limited precipitation, which is a near-term positive input for cotton price expectations.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
