Cotton futures closed out the Wednesday session pulling off the lows to settle 10 to 17 points in the red. The US dollar index was down $0.026 on the day to $97.425, with crude oil slipping back 59 cents.
Futures shrugged off early session pressure, following a President Trump post that soybeans will be a major topic of discussion in a meeting between he and President Xi of China later this month. While cotton wasn’t mentioned, there the potential buying could be seen as spilling over to cotton.
