Cotton futures were trading 20 to 56 points higher Monday morning after Friday’s broad selloff of 41 to 137 points across most contracts, with July down 240 points. The move came alongside a stronger U.S. dollar index at $100.025 and weaker crude oil, both of which add outside pressure to cotton prices. The article points to short-term bearish commodity and currency influences rather than a fundamental supply shock.
Cotton futures were trading 20 to 56 points higher Monday morning after Friday’s broad selloff of 41 to 137 points across most contracts, with July down 240 points. The move came alongside a stronger U.S. dollar index at $100.025 and weaker crude oil, both of which add outside pressure to cotton prices. The article points to short-term bearish commodity and currency influences rather than a fundamental supply shock.
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mildly negative
Sentiment Score
-0.18
