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Market Impact: 0.25

Cotton Facing Early Friday Weakness

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsCurrency & FXEnergy Markets & PricesEconomic Data

Cotton futures were under pressure, with prices down 35 to 55 points intraday and most contracts finishing Thursday 136 to 216 points lower. A stronger drag came from a $3.11 drop in crude oil and a lower U.S. dollar index at $99.425, while USDA export sales data was also cited as a factor. The move reflects softer commodity sentiment rather than a broad macro shock.

Analysis

Cotton futures were under pressure, with prices down 35 to 55 points intraday and most contracts finishing Thursday 136 to 216 points lower. A stronger drag came from a $3.11 drop in crude oil and a lower U.S. dollar index at $99.425, while USDA export sales data was also cited as a factor. The move reflects softer commodity sentiment rather than a broad macro shock.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35