Cotton is trading with Monday morning gains of 168 to 207 points. Futures faced pressure to close the week with Friday losses of 19 to 114 points across the board. December still held up for a weekly gain of 303 points. Crude oil was down 9 cents per barrel, with the US dollar index $0.533 higher.
Commitment of Traders data showed managed money adding another 17,173 contracts to their net long in cotton futures and options during the week ending on August 25. That net long stood at 95,841 contracts on Tuesday.
Was the Commodity Complex a Case of More of the Same Monday?
Cattle, Hog Prices Are Still Trapped and Heading Lower. What to Watch Next.
West African Cocoa Crop Concerns Underpin Prices
#week
Commitment of Traders data showed managed money adding another 17,173 contracts to their net long in cotton futures and options during the week ending on August 25. That net long stood at 95,841 contracts on Tuesday.
Was the Commodity Complex a Case of More of the Same Monday?
Cattle, Hog Prices Are Still Trapped and Heading Lower. What to Watch Next.
West African Cocoa Crop Concerns Underpin Prices
#week
2 days ago
