Cotton futures are up 69 to 75 points across most contracts, supported by a weaker U.S. dollar index, which fell $0.308 to $99.160, and a $4.50 midday rise in crude oil. CFTC Commitment of Traders data showed managed money trimming 7,845 contracts from its net long cotton position, indicating a modest pullback in speculative length. The note is primarily a market update on cotton pricing and positioning rather than a broad macro catalyst.
Cotton futures are up 69 to 75 points across most contracts, supported by a weaker U.S. dollar index, which fell $0.308 to $99.160, and a $4.50 midday rise in crude oil. CFTC Commitment of Traders data showed managed money trimming 7,845 contracts from its net long cotton position, indicating a modest pullback in speculative length. The note is primarily a market update on cotton pricing and positioning rather than a broad macro catalyst.
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neutral
Sentiment Score
0.15
