Cotton futures are down 100 to 110 points on Thursday after settling 31 to 75 points lower on Wednesday, pressured by a $6.06 drop in crude oil amid easing US/Iran tensions. The U.S. dollar index also slipped to $97.890, but the dominant driver in the article is weaker energy prices weighing on cotton sentiment. Overall the move reflects soft near-term commodity tone rather than a broader macro shock.
Cotton futures are down 100 to 110 points on Thursday after settling 31 to 75 points lower on Wednesday, pressured by a $6.06 drop in crude oil amid easing US/Iran tensions. The U.S. dollar index also slipped to $97.890, but the dominant driver in the article is weaker energy prices weighing on cotton sentiment. Overall the move reflects soft near-term commodity tone rather than a broader macro shock.
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Request a DemoOverall Sentiment
moderately negative
Sentiment Score
-0.25
