Cotton futures are extending gains, up 40 to 66 points at midday, while the US dollar index is down $0.039 to 98.400. Crude oil is up $3.03, still more than $5 below overnight highs after the breakdown in US/Iran negotiations over the weekend. The piece points to firmer commodity pricing and a supportive backdrop for cotton, with geopolitical risk keeping energy markets volatile.
Cotton futures are extending gains, up 40 to 66 points at midday, while the US dollar index is down $0.039 to 98.400. Crude oil is up $3.03, still more than $5 below overnight highs after the breakdown in US/Iran negotiations over the weekend. The piece points to firmer commodity pricing and a supportive backdrop for cotton, with geopolitical risk keeping energy markets volatile.
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mildly positive
Sentiment Score
0.25
