Cotton futures are up 45 to 75 points on Thursday, supported by a higher crude oil market, with WTI rising $2.34 to $95.19. The US dollar index also firmed 0.108 to 98.520, which can act as a headwind for commodities priced in dollars. Export Sales showed 119,947 RB of old crop cotton sold for the week of 4/16, indicating ongoing demand but not a clear market-shifting surprise.
Cotton futures are up 45 to 75 points on Thursday, supported by a higher crude oil market, with WTI rising $2.34 to $95.19. The US dollar index also firmed 0.108 to 98.520, which can act as a headwind for commodities priced in dollars. Export Sales showed 119,947 RB of old crop cotton sold for the week of 4/16, indicating ongoing demand but not a clear market-shifting surprise.
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neutral
Sentiment Score
0.15
