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Barchart

Austin Schroeder

BIZARRE: Cotton slipping back lower on tuesday - What They Never Told You

Cotton IS Oil United States US Dollar

Cotton futures are slipping back 5 to 12 points on Tuesday. Crude oil futures are up $1.07 per barrel at $60.33. The US dollar index is collapsing $0.926 at $98.275.

CFTC’s Commitment of Traders report from Friday indicated managed money increasing their net short in cotton futures and options by 2,600 contracts to 50,372 contracts as of last Tuesday.

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