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Cotton Faces Moderate Thursday Weakness

Commodities & Raw MaterialsEnergy Markets & PricesCurrency & FXEconomic Data

Cotton futures fell 4 to 24 points across the board at Thursday’s close. Crude oil retreated by $1.71 despite overnight back-and-forth US–Iran strike developments, while the US dollar index eased $0.034. Export Sales data were cited alongside the move, suggesting demand signals are being weighed as commodities soften.

Analysis

Cotton futures fell 4 to 24 points across the board at Thursday’s close. Crude oil retreated by $1.71 despite overnight back-and-forth US–Iran strike developments, while the US dollar index eased $0.034. Export Sales data were cited alongside the move, suggesting demand signals are being weighed as commodities soften.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.18