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Market Impact: 0.25

Cotton Extending Losses on Friday Morning

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsCurrency & FXEnergy Markets & PricesMarket Technicals & Flows

Cotton futures are weaker again, down 205 to 275 points early Friday after Thursday's 175 to 287 point decline in front-month contracts. The firmer U.S. dollar index at $98.775 and higher crude oil at $102.02 provide the main macro backdrop, while no substantive details were released from the referenced meeting.

Analysis

Cotton futures are weaker again, down 205 to 275 points early Friday after Thursday's 175 to 287 point decline in front-month contracts. The firmer U.S. dollar index at $98.775 and higher crude oil at $102.02 provide the main macro backdrop, while no substantive details were released from the referenced meeting.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20