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Barchart
Barchart
Austin Schroeder

Cotton Feel Pressure on Wednesday

Cotton Oil United States India US Dollar

Cotton futures were up 11 points in the October contracts on Wednesday, with other contracts down 23 to 27 points. The US dollar index was back down $0.561 to $98.020, as crude oil futures were another $0.73/barrel lower.

Following threats of increased tariffs if India doesn’t stop purchasing Russian oil, President Trump is set to raise tariffs by 25% to 50% on India starting on August 27 if they continue to import Russian oil.

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