Cotton futures extended their rally, up another 50 to 60 points early Thursday after Wednesday's 77 to 137 point advance at the close. The weaker U.S. dollar index, down $0.033 to 97.875, and a modest 12-cent gain in crude oil may be providing supportive macro tailwinds. The article is short-term price action news with limited broader market impact.
Cotton futures extended their rally, up another 50 to 60 points early Thursday after Wednesday's 77 to 137 point advance at the close. The weaker U.S. dollar index, down $0.033 to 97.875, and a modest 12-cent gain in crude oil may be providing supportive macro tailwinds. The article is short-term price action news with limited broader market impact.
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mildly positive
Sentiment Score
0.25
