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Barchart
Barchart
Austin Schroeder

UNCOVERED: Cotton faces pressure on friday | History Defined

Cotton Oil United States US Dollar

Cotton futures closed Friday with front month losses of 7 to 129 points and deferreds up 3 to 4 points. December was up 135 points on the week. Crude oil was back down $1.72 per barrel, with the US dollar index slipping 0.024.

Friday afternoon’s Commitment of Traders report showed managed money spec funds in cotton futures and options adding another 3,525 contracts to their net long in the week ending on Tuesday to 53.209 contracts.

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