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Barchart
Barchart
Austin Schroeder

Cotton Rallies into the End of the Month

Cotton crude oil Oil United States USDA US Dollar

Cotton futures closed the Friday session with contracts 53 to 112 points. December managed to close the week with a 181 point gains. Crude oil was back up $3.21 per barrel, with the US dollar index back up $0.016.

Friday afternoon’s Commitment of Traders report showed managed money spec funds in cotton futures and options trimming back 799 contracts to their net long in the week ending on Tuesday to 52,410 contracts.

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