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Barchart
Barchart
Austin Schroeder

Cotton Posting Monday Morning Strength

Cotton Ice United States USDA US Dollar

Cotton price action is mostly 15 to 20 points higher. Futures closed out the Friday session with contracts down 7 to 18 points, as December still managed to post a 94 point gain last 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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