Cotton futures are trading with a bounce to start the week, as contracts are up 112 to 172 points at midday. Crude oil is back down $1.04 per barrel on the session, with the US dollar index back up $0.338.
The weekly CFTC update via the commitment of traders report showed spec traders in cotton futures and options trimming back their large net long position by 7,017 contracts in the week ending on September 29th, taking it to 74,593 contracts.
