Cotton futures are trading with gains of 77 to 82 points at midday. The US dollar index is $0.020 lower at $99.840. Crude Oil is up $1.07 at $112.61.
Managed money was slashing 21,222 contracts from their net short in cotton futures and options in the week of March 31. That took their near record (in mid-February) net short to a net short of just 12,226 contracts.
