Cotton prices are down 30 to 60 points in early Thursday trading, following Wednesday weakness of 3 to 31 points in front-month futures while deferred contracts held steady to 26 points higher. The firmer U.S. dollar index, up 0.301 to 99.785, adds a modest headwind for cotton. Crude oil was also $2.44 higher, but the article's main message is near-term softness in cotton futures.
Cotton prices are down 30 to 60 points in early Thursday trading, following Wednesday weakness of 3 to 31 points in front-month futures while deferred contracts held steady to 26 points higher. The firmer U.S. dollar index, up 0.301 to 99.785, adds a modest headwind for cotton. Crude oil was also $2.44 higher, but the article's main message is near-term softness in cotton futures.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.18
