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Barchart
Barchart
Austin Schroeder

Cotton Bulls Pushing Through on Monday

Cotton United States IS Oil Commitment of Traders US Dollar

Cotton futures are trading with midday gains of 28 to 60 points so far on Monday, despite outside pressure. Crude oil is down $1.13 /barrel at $67.32, with the US dollar index $0.256 higher to $97.785. 

Friday afternoon's Commitment of Traders report showed a total of 3,180 contracts added to the managed money net short position in cotton futures and options. That short stood at 46,090 contracts as of Tuesday.

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