Cotton futures were lower by 10 to 62 points in the front months, with July down 127 points for the week even as December gained 26 points. A weaker U.S. dollar index, down $0.044 to $98.925, was not enough to offset pressure from crude oil, which fell $1.14/bbl and weighed on the commodity complex. The move appears technical and sentiment-driven rather than event-driven.
Cotton futures were lower by 10 to 62 points in the front months, with July down 127 points for the week even as December gained 26 points. A weaker U.S. dollar index, down $0.044 to $98.925, was not enough to offset pressure from crude oil, which fell $1.14/bbl and weighed on the commodity complex. The move appears technical and sentiment-driven rather than event-driven.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
