Cotton prices reversed, pulling back 30–44 points on Thursday after Wednesday’s rally. Despite the dip, cotton futures still closed higher across front months (+243 to +294 points) and deferred contracts were also in the green (+53 to +110). Crude oil was up $1.90 and the US dollar index was moving alongside the move in risk sentiment.
Cotton prices reversed, pulling back 30–44 points on Thursday after Wednesday’s rally. Despite the dip, cotton futures still closed higher across front months (+243 to +294 points) and deferred contracts were also in the green (+53 to +110). Crude oil was up $1.90 and the US dollar index was moving alongside the move in risk sentiment.
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neutral
Sentiment Score
-0.05
