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Austin Schroeder

Cotton Slips Lower on Friday

Cotton Oil United States USDA US Dollar

Cotton futures were mostly steady on Friday, with contracts down 4 to 5 points in the front months, as March was 25 points higher on the week. Crude oil futures were up 11 cents per barrel at $59.30. The US dollar index was up $0.063 at $99.195. The markets will be off on Monday for the Martin Luther King Jr. Day holiday. They will open back up on Monday evening. 

CFTC’s Commitment of Traders report from Friday indicated managed money increasing their net short in cotton futures and options by 2,600 contracts to 50,372 contracts as of Tuesday. 

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