Cotton futures are showing some mixed trade on Monday, with December up a tick and other contracts down a dime. December was down 146 points last week. The US dollar index is back up $0.233 on the session to $98.965, with crude oil $0.76/barrel higher.
On Friday, President Trump announced a new 100% tariff on Chinese goods starting November 1, as well as imposing export controls on any critical software. Later over the weekend he stated to “don’t worry about China,” with markets taking a whiplash approach back higher on the walk back.
