Cotton futures ended Friday lower by 4 to 49 points, leaving July down 81 points on the week and December down 106 points. Broader macro inputs were also soft, with crude oil down $3.50 to $84.21/barrel and the US dollar index down 0.054 to 99.795. CFTC data showed managed money trimming its net short position, pointing to shifting positioning in the cotton market.
Cotton futures ended Friday lower by 4 to 49 points, leaving July down 81 points on the week and December down 106 points. Broader macro inputs were also soft, with crude oil down $3.50 to $84.21/barrel and the US dollar index down 0.054 to 99.795. CFTC data showed managed money trimming its net short position, pointing to shifting positioning in the cotton market.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15