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Barchart
Barchart
Austin Schroeder

SHOCKING: Cotton heads lower into the weekend - What They Never Told You

Cotton futures closed the Friday session with contracts down 89 to 119 points across the nearbys. December was down 187 points on the week. The US dollar index was back down $1.318 to $98.425, as crude oil futures were $2.09/barrel lower.

CFTC data showed spec funds in cotton futures and options adding 482 contracts from their net short position as of 7/29, taking the position to 40,361 contracts.

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