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Barchart
Austin Schroeder

Cotton Posting Thursday AM Gains

Cotton Oil Ice United States US Dollar

Cotton prices are 15 to 25 points higher so far. Futures closed the Wednesday session with contracts 3 to 12 points higher. Crude oil futures were up $2.74 per barrel on the day at $65.07. The US dollar index was up $0.570 to $97.630. 

USDA’s Ag Outlook Forum showed the office of the Chief Economist’s initial balance sheet this morning, with cotton acreage pegged at 9.4 million acres to be planted this spring. Production is seen at 13.650 million bales.

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