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Barchart

Austin Schroeder

Cotton Ignoring Outside Markets for Midday Gains

CFTC Oil United States Iran US Dollar

Cotton futures are showing Monday strength of 54 to 64 points at midday. Crude oil is down $4.41 at midday this morning after the US and Iran came to a peace deal over the weekend, to be signed this Friday. The US dollar index is down $0.285 at $99.460.

CFTC data showed managed money trimming their net short in cotton futures and options by 10,198 contracts to 42,204 contracts by Tuesday.

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