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Barchart
Barchart
Austin Schroeder

Cotton Pushes Higher into the Friday Close

Cotton futures closed with steady to 11 point gains on the Friday session, with December down 33 points on the day and 114 points on the week. Crude oil futures were down $1.01 per barrel to $57.99 on the day, with the US dollar index $0.010 higher to $100.100.

Commitment of Traders data, still delayed due to the government shutdown, showed spec funds in cotton futures and options adding another 11,586 contracts to their net short position as of 10/7 to 76,326 contracts. 

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