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Market Impact: 0.22

Cotton Posts Modest Gains on Friday

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsEnergy Markets & PricesCurrency & FXInvestor Sentiment & Positioning

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.

Analysis

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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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15