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Barchart
Barchart
Austin Schroeder

Cotton Gains Extending to Tuesday Trade

Cotton Oil Ice United States US Dollar

Cotton prices are up 19 to 36 points so far on Tuesday. Futures closed the Monday session coming down from the overnight highs, but still with 30 to 36 point gains at the final bell. Crude oil futures were up a nickel/barrel to $61.55, with the US dollar index down $0.021 to $98.750.

US and Chinese negotiators had constructive discussions over the weekend in Malaysia, come out with a framework for President Trump and China’s President Xi to discuss this Thursday. Nothing specific on cotton was mentioned, but the two sides coming together is seen as friendly. 

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