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Barchart
Barchart
Austin Schroeder

Cotton Close Higher as USDA Leaves Balance Sheet with Minimal Changes

Cotton USDA United States Oil CFTC US Dollar

Cotton futures reversed higher on Friday, with most contracts up 10 to 12 points, as December was 80 points in the green. The US dollar index was up $0.127 on the day to $97.655 with crude oil futures $0.25 higher. 

Weekly CFTC data indicated spec traders adding 2,536 contracts to their net short position as of September 9th, taking it to 68,905 contracts by Tuesday.

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