Cotton futures finished Thursday 136 to 216 points lower, pressured by a weaker cotton market tone, a $3.11 drop in crude oil, and a softer U.S. dollar index at 99.425. USDA export sales data showed 185,268 RB of cotton sold, but the article indicates the broader price action remained negative. The move is notable for commodity traders but appears limited to the cotton complex.
Cotton futures finished Thursday 136 to 216 points lower, pressured by a weaker cotton market tone, a $3.11 drop in crude oil, and a softer U.S. dollar index at 99.425. USDA export sales data showed 185,268 RB of cotton sold, but the article indicates the broader price action remained negative. The move is notable for commodity traders but appears limited to the cotton complex.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.30
