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Cotton Showing Weakness on Thursday

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Cotton futures were trading down 57–95 points at Thursday midday. Crude oil rose $2.73 to $99.05 while the US Dollar Index fell 0.393 points to 99.480. USDA Export Sales showed 196,691 RB of cotton sold in the reported week, indicating ongoing export demand amid mixed commodity price action.

Analysis

Cotton futures were trading down 57–95 points at Thursday midday. Crude oil rose $2.73 to $99.05 while the US Dollar Index fell 0.393 points to 99.480. USDA Export Sales showed 196,691 RB of cotton sold in the reported week, indicating ongoing export demand amid mixed commodity price action.

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