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Barchart

Austin Schroeder

Cotton Posting Gains at Midday

Cotton Oil USDA United States IS US Dollar

Cotton futures are trading with contracts 10 to 18 point gains across the front months, with October slipping 14 point on thin trade. The US dollar index was back down $0.478 to $98.140, as crude oil futures were down another $1.15.

USDA’s Export Sales report showed a total of 241,982 RB of cotton sold in the week of 8/7. Actual shipments were 142,593 RB in the first week of the MY.

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