Cotton futures were up 39 to 50 points early Monday after closing the prior session 22 to 55 points higher. The weaker U.S. dollar index at 98.325 and a $2.28 rebound in crude to $96.68 were supportive for commodity prices. NASS Crop Progress data was also cited, indicating the market is reacting to supply and weather-related crop conditions.
Cotton futures were up 39 to 50 points early Monday after closing the prior session 22 to 55 points higher. The weaker U.S. dollar index at 98.325 and a $2.28 rebound in crude to $96.68 were supportive for commodity prices. NASS Crop Progress data was also cited, indicating the market is reacting to supply and weather-related crop conditions.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
