Cotton futures are rallying 90 to 125 points at midday, supported by a weaker U.S. dollar index, down $0.063 to 97.845. Crude oil is also firmer, up 55 cents, while The Seam reported 5,245 bales sold on 4/14 at an average of 72.10 cents/lb. The note is largely market commentary rather than a major fundamental catalyst.
Cotton futures are rallying 90 to 125 points at midday, supported by a weaker U.S. dollar index, down $0.063 to 97.845. Crude oil is also firmer, up 55 cents, while The Seam reported 5,245 bales sold on 4/14 at an average of 72.10 cents/lb. The note is largely market commentary rather than a major fundamental catalyst.
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mildly positive
Sentiment Score
0.28
