Cotton futures posted losses of 30 to 46 points on Friday, with March down 64 points this week. Crude oil futures were up $0.32 per barrel on the day at $64.74. The US dollar index was back up $0.893 to $97.030.
Friday’s Commitment of Traders report showed managed money adding 13,077 contracts to their net short position as of 1/27, taking it to 65,029 contracts.
