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Barchart
Barchart
Austin Schroeder

Cotton Holding onto Gains at Thursday’s Midday

Cotton IS Oil Ice United States US Dollar

Cotton futures are trading with gains of 10 to 23 points so far on Thursday. Crude oil futures are up $1.39 per barrel on the day at $66.64. The US dollar index is up $0.199 to $97.820.

USDA’s Ag Outlook Forum showed the office of the Chief Economist’s initial balance sheet this morning, with cotton acreage pegged at 9.4 million acres to be planted this spring. Production is seen at 13.650 million bales.

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