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Barchart
Barchart
Austin Schroeder

EXPLAINED: Cotton holding gains on monday s midday - The Real Truth

Cotton IS Oil United States US Dollar

Cotton futures are trading with 18 to 25 point gains across the front months on Monday, despite mixed outside factors. Crude oil futures are $1.34/barrel higher. The US dollar index is rallying, up $0.896 to $98.295.

Commitment of Traders data showed spec traders adding a total of 1,415 contracts to their net short position as of July 22 to a net 39,879 contracts. 

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