Cotton prices action is steady to 12 points lower on Monday morning. Futures closed out the Friday session with contracts up 40 to 55 points on the day, with December 44 points higher last week. Very little help was noted via the outside market factors on Friday, with crude oil up just 18 cents/barrel and the US dollar index up $0.218 to $98.310.
Over the weekend President Trump stated he was confident in reaching a soybean deal with China and he “wants China to buy soybeans at least in the amount they were buying before. There was no mention of cotton or other commodities.
