Cotton futures are up about 40 to 58 points across most contracts on Friday. USDA’s WASDE left old-crop stocks unchanged at 4.2 million bales, while new-crop stocks were raised (details not fully provided). In the broader complex, crude oil is down $1.00 and the US dollar index is down $0.066, supporting a less-stressful input-cost backdrop even as energy weakens.
Cotton futures are up about 40 to 58 points across most contracts on Friday. USDA’s WASDE left old-crop stocks unchanged at 4.2 million bales, while new-crop stocks were raised (details not fully provided). In the broader complex, crude oil is down $1.00 and the US dollar index is down $0.066, supporting a less-stressful input-cost backdrop even as energy weakens.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.18
