Cotton futures were under pressure on Wednesday, as a stronger dollar was weighing on things. Contracts were down 17 to 40 points. Pressure was from a $1.063 gain in the US dollar index to $99.71. Much of that strength came late in the day following the Fed leaving rates unchanged, as expected. Crude oil futures were $1.09/barrel higher.
On Wednesday morning, President Trump posted that tariffs on India will rise to 25% on August 1, citing the trade deficit and their buying of Russian crude oil.
