Cotton futures are down 1 to 26 points in front-month contracts, with pressure also coming from a firmer dollar backdrop and weaker crude oil, which is off $2.08 to $93.77. Export Sales data shows export commitments at 10.58 million RB, 2% below the comparable prior level. The tone is mildly negative for cotton prices, but the move appears routine rather than market-changing.
Cotton futures are down 1 to 26 points in front-month contracts, with pressure also coming from a firmer dollar backdrop and weaker crude oil, which is off $2.08 to $93.77. Export Sales data shows export commitments at 10.58 million RB, 2% below the comparable prior level. The tone is mildly negative for cotton prices, but the move appears routine rather than market-changing.
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mildly negative
Sentiment Score
-0.15
