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Austin Schroeder

FOUND: Cotton holding lower at midday | Mind Blowing Facts

Cotton IS Oil CFTC United States US Dollar

Cotton futures are trading with contracts down 3 to 5 cents at Monday’s midday, with October down 64 cents. The US dollar index is back $0.230 on the day to $97.040 and crude oil futures $0.28 lower.

The weekly CFTC Commitment of Traders report indicated managed money trimming their net short in cotton futures and options by 9,844 contracts to 59,061 contracts by September 16.

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