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Barchart
Barchart
Austin Schroeder

Cotton Rallying Ahead of Export Sales Release

Cotton Oil Ice United States US Dollar

Cotton price action is up 41 to 58 points so far on Thursday. Futures were up 11 points in the October contracts on Wednesday, with other contracts down 23 to 27 points. The US dollar index was back down $0.561 to $98.020, as crude oil futures were another $0.73/barrel lower.

Following threats of increased tariffs if India doesn’t stop purchasing Russian oil, President Trump is set to raise tariffs by 25% to 50% on India starting on August 27 if they continue to import Russian oil.

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