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Barchart
Barchart
Austin Schroeder

Cotton Holding Monday Gains at Midday

Cotton IS Oil United States Malaysia US Dollar

Cotton futures are trading with 35 to 37 point gains across most contracts at midday. Crude oil futures are up 14 cents/barrel to $61.64, with the US dollar index down $0.097 to $98.650.

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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