Cotton futures are extending Thursday’s limit-up move, with most contracts up another 116 to 150 points at Friday midday. Support is coming despite only a slight dollar decline to 97.915 and a sharp $3.45 drop in crude to $101.62, while Export Sales data shows commitments at 10.691 million RB. The tone is constructive for cotton, though the broader article is still a routine market update.
Cotton futures are extending Thursday’s limit-up move, with most contracts up another 116 to 150 points at Friday midday. Support is coming despite only a slight dollar decline to 97.915 and a sharp $3.45 drop in crude to $101.62, while Export Sales data shows commitments at 10.691 million RB. The tone is constructive for cotton, though the broader article is still a routine market update.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
