Cotton futures resumed higher, closing up 17 to 81 cents, with support from a stronger crude oil market that rose $4.04 to $97.00 and a firmer U.S. dollar index at 98.655. Export Sales data also showed 119,947 RB of old crop cotton sold, a supportive but routine demand indicator. The article is broadly constructive for cotton prices but does not present a major market-moving catalyst.
Cotton futures resumed higher, closing up 17 to 81 cents, with support from a stronger crude oil market that rose $4.04 to $97.00 and a firmer U.S. dollar index at 98.655. Export Sales data also showed 119,947 RB of old crop cotton sold, a supportive but routine demand indicator. The article is broadly constructive for cotton prices but does not present a major market-moving catalyst.
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neutral
Sentiment Score
0.15
