Cotton futures were 16 to 35 points lower across most contracts on Monday, as pressure continues to show up. The US dollar index was back up $0.273 on the session to $99.005, with crude oil $0.63/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.” The markets had a little more positive reaction to open the week.
