Cotton futures continued to slide on Friday, closing down 62 to 89 points on the day, with December down 291 points for the week. The broader tape was mixed as crude oil rose another $3.50/bbl and the US dollar index was up 0.011, while Friday’s COT report (managed money activity) added context to spec positioning despite the excerpt being incomplete.
Cotton futures continued to slide on Friday, closing down 62 to 89 points on the day, with December down 291 points for the week. The broader tape was mixed as crude oil rose another $3.50/bbl and the US dollar index was up 0.011, while Friday’s COT report (managed money activity) added context to spec positioning despite the excerpt being incomplete.
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mildly negative
Sentiment Score
-0.20
