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Barchart
Barchart
Austin Schroeder

Cotton Pulling Back on Monday Morning

Cotton Ice USDA crude oil Oil United States US Dollar

Cotton price action is down 35 to 48 points on Monday AM trade. Futures posted gains of 44 to 170 points across the board on Friday, with May rallying 418 points on the week. The US dollar index was $0.045 higher at $98.070. Crude oil fell $9.12 on the day 

Managed money flipped their net short by 18,845 contracts to a net long of 16,825 contracts in cotton futures and options, as of April 14, That was the first net long in nearly 2 years.

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