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Market Impact: 0.22
Cotton Slipping Back on Friday, as Little News on The US/China Front
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesCurrency & FXTrade Policy & Supply Chain
Cotton futures were trading 69 to 78 points lower early Friday after closing Thursday 2 to 60 points higher across nearby contracts. Crude oil rose $2.60 per barrel and the U.S. dollar index gained $0.163, while traders monitored U.S.-China developments. The early cotton pullback indicates modest near-term pressure, with currency and trade headlines remaining key drivers.
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