Cotton prices are down 3 to 6 points so far on Monday morning. Futures posted mixed trade at the Friday close, with front months down 51 to 60 points and deferreds up 8 to 11 points. December closed the week with a 156 point gain. Crude oil was down $2.17 per barrel on the session, with the US dollar index $0.253 lower.
Following last week’s US/China meeting, China dropped tariffs on several US goods, but left cotton off the list.
