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Barchart
Barchart
Austin Schroeder

MYSTERIOUS: Cotton posting friday midday gains - You Need To See This

Oil USDA WASDE United States US Dollar

Cotton futures are showing 40 to 58 point gains across most contracts on Friday. Crude oil is down $1.00 on the day, with the US dollar index is down $0.066.

USDA’s monthly WASDE report showed no changes the old crop stocks at 4.2 million bales. New crop was raised by 400,000 bales to 4.1 million thanks to an identical increase to production to 13.7 million bales on the larger acreage data.

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