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Market Impact: 0.25

Cotton Posts Friday Strength Despite Production Hike

Commodities & Raw MaterialsCommodity FuturesEconomic Data

Cotton futures finished Friday up 45 to 99 points despite a WASDE-linked production increase. The market credited larger acreage (from last week’s NASS data), and December ended the week up 442 points. Crude oil was down 57 cents on the day, implying a mixed broader commodity tape.

Analysis

Cotton futures finished Friday up 45 to 99 points despite a WASDE-linked production increase. The market credited larger acreage (from last week’s NASS data), and December ended the week up 442 points. Crude oil was down 57 cents on the day, implying a mixed broader commodity tape.

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mildly positive

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