Cotton futures are down 7 to 85 points on Thursday, with front-month contracts leading the decline. The weakness comes alongside a $2.07/bbl drop in crude oil to $74.68 and a $0.684 rise in the US dollar index to 100.555, both of which can pressure commodity prices. The article is a brief market update and appears likely to have limited broad market impact.
Cotton futures are down 7 to 85 points on Thursday, with front-month contracts leading the decline. The weakness comes alongside a $2.07/bbl drop in crude oil to $74.68 and a $0.684 rise in the US dollar index to 100.555, both of which can pressure commodity prices. The article is a brief market update and appears likely to have limited broad market impact.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
