Cotton prices are up 97 to 105 points across most contracts on Monday. Futures were down 1 to 12 points across most front months on Friday, with May the lone hold out, up 20 points. May was still down 40 points last week. The US dollar index is slipping 0.2622 lower at $98.340. Crude oil was back down 97 cents to $94.88.
Spec traders were busy increasing their fresh bullish bet in cotton futures and options in the week ending on April 21 by another 17,639 contracts. That net long was 34,464 contracts by Tuesday, the largest in nearly 2 years.
