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Barchart
Barchart
Austin Schroeder

Cotton Ends Friday with Strength

Commitment of Traders crude oil Oil United States USDA US Dollar

Cotton futures posted gains heading into the weekend as contracts were mostly steady to 12 points higher. December was up 11 points this week. The US dollar index was back down $0.370 on the day to $97.845, with crude oil futures 22 cents higher. 

Commitment of Traders data showed the managed money crowd in cotton futures and options increasing their bearish bet as of September 23rd by 2,943 contracts, taking their net short to 62,004 contracts.

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