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Barchart
Barchart
Austin Schroeder

EXPLAINED: Cotton rallying on monday - The Real Truth

Cotton IS Oil USDA United States US Dollar

Cotton futures are showing 60 to 68 point gains so far on Monday following a modestly Friendly USDA report. Crude oil futures are back up 9 cents per barrel at $59.21. The US dollar index is down $0.265 at $98.625.

NASS Cotton Ginnings data showed 11.962 million RB of cotton ginned as of January 1, which was down from a year ago by 1.023 million RB. 

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