
Cotton prices are back down 6 to 10 points in the nearby contracts on Wednesday, fading back from early gains. Crude oil futures are up 73 cents per barrel at $59.37 on the day, with the US dollar index $0.436 lower to $98.860.
Commitment of Traders data showed managed money trimming 98 contracts from their previous record net short position as of October 21, taking it to 81,245 contracts.