Cotton futures are mostly lower by 70 to 120 points, with the nearby May contract the exception at up 199 points. The U.S. dollar index is up $0.355 to $98.360, while crude oil has fallen $3.71 to $105.65. Managed money added 3,891 contracts to its net long cotton position, highlighting continued positioning activity despite the weaker broad market tone.
Cotton futures are mostly lower by 70 to 120 points, with the nearby May contract the exception at up 199 points. The U.S. dollar index is up $0.355 to $98.360, while crude oil has fallen $3.71 to $105.65. Managed money added 3,891 contracts to its net long cotton position, highlighting continued positioning activity despite the weaker broad market tone.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
