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Barchart
Barchart
Austin Schroeder

Cotton Extending Losses on Friday Morning

Cotton Ice Donald Trump crude oil Oil United States US Dollar

Cotton prices are down 205 to 275 points early on Friday. Futures saw weakness on Thursday with contracts down 175 to 287 points in the front months. The US dollar index was $0.352 higher at $98.775. Crude oil was up $1 at $102.02.

Few details announced following the meeting with President Trump and China’s President Xi left the market hanging. President Trump stated early this morning that US farmers will be very happy with the trade deals with China.

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