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Barchart
Barchart
Austin Schroeder

SHOCKING: Cotton posting monday pop higher - You Need To See This

Cotton futures are up 22 to 28 points a midday. The US dollar index was back down $0.375 to $98.545, as crude oil futures are another $1/barrel lower. OPEC+ announced another production hike of 547,000 barrels per day in September.

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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