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Barchart
Barchart
Austin Schroeder

Cotton Closes Lower to End the Week

Cotton Oil United States USDA US Dollar

Cotton futures ended the Friday trade with contracts down 33 to 50 points in the front months, as December was 45 points lower on the week. Crude oil futures were 96 cents/barrel lower. The US dollar index was higher, up $0.311 to $97.435.

Commitment of Traders data showed spec traders adding a total of 1,415 contracts to their net short position as of July 22 to a net 39,879 contracts. 

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