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Austin Schroeder

SHOCKING: Cotton weakness holding on tuesday - You Need To See This

Cotton IS Oil CFTC United States US Dollar

Cotton futures are down 30 to 50 points across most front months on Tuesday. Crude oil futures are down 70 cents per barrel on the day at $62.19. The US dollar index is down $0.371 to $97.190.

CFTC data showed a total of 3,856 contracts added to the spec net short position in the week ending on 2/10. Managed money was net short 75,602 contracts as of Tuesday.

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