Cotton futures are down 100 to 253 points at midday, pressured by weaker crude oil prices, a stronger US dollar, and crop progress showing 92% of the US cotton crop planted. Crude oil is off another 66 cents to $73.18 and the dollar index is up 0.396 to 101.190, both adding headwinds for cotton. The update is negative for cotton prices but appears to be a routine commodity market move rather than a major market-moving event.
Cotton futures are down 100 to 253 points at midday, pressured by weaker crude oil prices, a stronger US dollar, and crop progress showing 92% of the US cotton crop planted. Crude oil is off another 66 cents to $73.18 and the dollar index is up 0.396 to 101.190, both adding headwinds for cotton. The update is negative for cotton prices but appears to be a routine commodity market move rather than a major market-moving event.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
