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Barchart
Barchart
Austin Schroeder

SHOCKING: Cotton slides lower on friday - What They Never Told You

Cotton CFTC Oil United States US Dollar

Cotton futures faced outside pressure on Friday, with contracts down 41 to 137 points across the board, with July falling 240 points. The US dollar index was up $0.643 at $100.025. Crude oil losses of $2.79 added some modest pressure.

Weekly CFTC data showed spec funds trimming 1798 contracts from their net long and cotton futures and options as of June 2, taking that position to 52,402 contracts.

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