Cotton price action is trading with 59 to 76 point gains on Monday morning. Futures closed Friday with contracts 3 to 13 points higher, as December slipped back 8 points on the week. Crude oil futures were 35 cents/barrel to $61.44, with the US dollar index up $0.021 to $98.750.
US and Chinese negotiators had constructive discussions over the weekend in Malaysia, come out with a framework for President Trump and China’s President Xi to discuss this Thursday. Nothing specific on cotton was mentioned, but the two sides coming together is seen as friendly.
