Cotton prices dropped 24–48 points Wednesday morning (futures closed down 28–40 points), signaling bearish pressure in fiber futures. The US dollar index eased $0.375 to 99.480. Crude oil fell sharply, down about $19.46, after reports of a two‑week ceasefire involving Iran, amplifying risk‑off flows and pressure across commodity markets.
Cotton prices dropped 24–48 points Wednesday morning (futures closed down 28–40 points), signaling bearish pressure in fiber futures. The US dollar index eased $0.375 to 99.480. Crude oil fell sharply, down about $19.46, after reports of a two‑week ceasefire involving Iran, amplifying risk‑off flows and pressure across commodity markets.
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mildly negative
Sentiment Score
-0.30