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Market Impact: 0.25

Cotton Sharply Lower on Thursday, Rejecting 80 Cent Mark

Commodities & Raw MaterialsEnergy Markets & PricesCurrency & FX

Cotton futures fell midday Thursday by 260 to 396 points versus the prior Wednesday close, after Wednesday’s session finished up 24 to 96 points. Late morning, crude oil was only modestly higher (+$0.10 to $0.15/bbl), with the US dollar index noted as moving in the background, suggesting a mildly risk-off tone for commodity prices.

Analysis

Cotton futures fell midday Thursday by 260 to 396 points versus the prior Wednesday close, after Wednesday’s session finished up 24 to 96 points. Late morning, crude oil was only modestly higher (+$0.10 to $0.15/bbl), with the US dollar index noted as moving in the background, suggesting a mildly risk-off tone for commodity prices.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15