Cotton futures fell 9 to 174 points on Friday, extending a weekly decline of 577 points in July and 329 points in December. Crude oil also weakened by $1.40 to $70.52, while the U.S. dollar index slipped 0.043 to 101.150. NOAA's 7-day QPF shows very little precipitation expected, adding a weather-related backdrop for cotton.
Cotton futures fell 9 to 174 points on Friday, extending a weekly decline of 577 points in July and 329 points in December. Crude oil also weakened by $1.40 to $70.52, while the U.S. dollar index slipped 0.043 to 101.150. NOAA's 7-day QPF shows very little precipitation expected, adding a weather-related backdrop for cotton.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.30
