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Barchart
Barchart
Austin Schroeder

Cotton Easing Back Lower on Monday Morning

Cotton Oil Ice United States USDA US Dollar

Cotton price action is down 17 to 21 points early on Monday morning. 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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