Cotton futures rose 20 to 36 points across most contracts, supported by a $3.95 midday rebound in crude oil and a $0.053 decline in the US dollar index to 97.845. NASS Crop Progress showed 11% of the US cotton crop planted as of April 19, a fresh supply-side datapoint that may influence planting expectations. The note is broadly constructive for cotton prices but remains a modest market-moving update.
Cotton futures rose 20 to 36 points across most contracts, supported by a $3.95 midday rebound in crude oil and a $0.053 decline in the US dollar index to 97.845. NASS Crop Progress showed 11% of the US cotton crop planted as of April 19, a fresh supply-side datapoint that may influence planting expectations. The note is broadly constructive for cotton prices but remains a modest market-moving update.
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mildly positive
Sentiment Score
0.15
