Cotton futures fell 50-85 points across most contracts on Friday, while USDA Export Sales show total cotton export commitments at 9.157 million RB, down 10% year-on-year. Crude oil rose $1.19 to $96.92 and the US dollar index strengthened $0.601 to 100.355, a mix that may weigh on cotton demand/prices and reflect stronger dollar pressure on dollar-denominated commodities.
Cotton futures fell 50-85 points across most contracts on Friday, while USDA Export Sales show total cotton export commitments at 9.157 million RB, down 10% year-on-year. Crude oil rose $1.19 to $96.92 and the US dollar index strengthened $0.601 to 100.355, a mix that may weigh on cotton demand/prices and reflect stronger dollar pressure on dollar-denominated commodities.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
