Cotton futures are down 55 to 65 points across most nearby contracts at midday, pressured by a firmer US dollar index at $99.120 and weaker crude oil at $89.88, down $4.01 on the day. NASS Crop Progress showed 53% of the US cotton crop planted as of May, adding a fundamental supply-side update to the soft tone. The move appears modest and commodity-specific rather than market-wide.
Cotton futures are down 55 to 65 points across most nearby contracts at midday, pressured by a firmer US dollar index at $99.120 and weaker crude oil at $89.88, down $4.01 on the day. NASS Crop Progress showed 53% of the US cotton crop planted as of May, adding a fundamental supply-side update to the soft tone. The move appears modest and commodity-specific rather than market-wide.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
