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Barchart
Barchart
Austin Schroeder

Cotton Holding onto Pre-Holiday Gains

Cotton IS Oil United States US Dollar

Cotton futures are up 15 to 25 points so far on Wednesday. Crude oil futures are another 15 cents per barrel higher at $58.52. The US dollar index is back up $0.007 to $97.620. The markets will be closed on Thursday for Christmas, with an early close for Tuesday.

Export Sales data as of the week ending on 12/11 has cotton export commitments at 6.183 million RB, 14% below last year. That is also 54% of the USDA projection and lags the 72% average sale pace.

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