Cotton futures are slightly lower in the May contract, down 23 points, while other nearby contracts are up 2 to 11 points after Wednesday’s broader selloff of 135 to 225 points across the front months. The US dollar index rose 0.209 to 98.430, which may be adding pressure to commodity pricing. The update is mainly a near-term market move rather than a major fundamental shift.
Cotton futures are slightly lower in the May contract, down 23 points, while other nearby contracts are up 2 to 11 points after Wednesday’s broader selloff of 135 to 225 points across the front months. The US dollar index rose 0.209 to 98.430, which may be adding pressure to commodity pricing. The update is mainly a near-term market move rather than a major fundamental shift.
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mildly negative
Sentiment Score
-0.15
