Cotton futures are down 3 to 6 points Thursday morning after being up 48 to 71 points at the Wednesday close, signaling a pullback after recent gains. The macro backdrop is slightly supportive for risk-taking in commodities (US dollar index down $0.189), while crude oil is also lower ($-0.69/bbl). NOAA’s 7-day QPF indicates dryness continuing, which remains a key supply-side variable, though it isn’t preventing the near-term price dip.
Cotton futures are down 3 to 6 points Thursday morning after being up 48 to 71 points at the Wednesday close, signaling a pullback after recent gains. The macro backdrop is slightly supportive for risk-taking in commodities (US dollar index down $0.189), while crude oil is also lower ($-0.69/bbl). NOAA’s 7-day QPF indicates dryness continuing, which remains a key supply-side variable, though it isn’t preventing the near-term price dip.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
