Cotton futures are stabilizing midday after early losses, with most contracts down 11 to 40 points. Crude oil rose $3.07/bbl and the US dollar index edged up 0.016, both adding cross-asset pressure, while export sales show old-crop cotton commitments at 11.951 million RB. Overall tone is mixed as cotton trims declines despite a firmer energy/FX backdrop.
Cotton futures are stabilizing midday after early losses, with most contracts down 11 to 40 points. Crude oil rose $3.07/bbl and the US dollar index edged up 0.016, both adding cross-asset pressure, while export sales show old-crop cotton commitments at 11.951 million RB. Overall tone is mixed as cotton trims declines despite a firmer energy/FX backdrop.
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mixed
Sentiment Score
-0.05