Cotton futures are trading with losses across the front months, with contracts 70 to 80 points lower. Crude oil is up $3.50 at midday following the US/Israel strikes on Iran over the weekend, but nearly $5 off the overnight highs. The US dollar index is rising $0.875 to $98.440.
Commitment of Traders data from Friday afternoon showed a total of 14,140 contracts trimmed from the spec fund net short position as of Tuesday, taking it to 65,368 contracts.
