Cotton futures rallied sharply, closing up 77 to 137 points, indicating a strong day for the fiber market. The U.S. dollar index edged down $0.033 to 97.875, while crude oil rose 12 cents, and the Seam reported 5,245 bales sold on 4/14 at an average of 72.10 cents/lb. The article is largely a market snapshot, but the cotton move points to near-term bullish sentiment in the commodity.
Cotton futures rallied sharply, closing up 77 to 137 points, indicating a strong day for the fiber market. The U.S. dollar index edged down $0.033 to 97.875, while crude oil rose 12 cents, and the Seam reported 5,245 bales sold on 4/14 at an average of 72.10 cents/lb. The article is largely a market snapshot, but the cotton move points to near-term bullish sentiment in the commodity.
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mildly positive
Sentiment Score
0.25
