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Barchart
Barchart
Austin Schroeder

MYSTERIOUS: Cotton fade lower into the weekend - You Need To See This

Cotton futures closed the Friday session with contracts down 15 to 30 points on the day, as March was 78 points lower on the week. Crude oil futures were up 47 cents per barrel at $60.14 on the day, with the US dollar index $0.042 higher to $98.995. 

Delayed CFTC data showed managed money net short 74,093 contracts of cotton futures and options as of 10/28, a 7,152 contract reduction from the week prior. 

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