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Barchart
Barchart
Austin Schroeder

Cotton Leaks Lower into the Weekend

Cotton Oil United States USDA US Dollar

Cotton futures closed out the Friday session with contracts down 7 to 18 points, as December still managed to post a 94 point gain this week on the early half strength. The US dollar index was down another $0.383 to $97.720, as crude oil futures were down another $0.78.

CFTC data showed a total of 1,931 contracts added to the managed money net short position as of Tuesday, taking it to 57,083 contracts on August 12.

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