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Austin Schroeder

THE TRUTH ABOUT: Cotton fading back lower on monday | History Defined

Cotton Oil United States Iran US Dollar

Cotton futures are fading lower, with contracts down 20 to 25 points, as thin October is up 16 points. Crude oil is back up $4.21 on the day following increased tensions with the US and Iran. The US dollar index is up $0.285.

Friday afternoon’s Commitment of Traders report showed managed money spec funds in cotton futures and options adding 7,121 contracts to their net long in the week ending on Tuesday to 39,106 contracts.

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