Cotton Closes with Gains on Friday

Cotton futures closed the Friday session with contracts 20 to 25 points on the day, as March slipped back 8 points on the week. Crude oil futures were 55 cents per barrel higher at $56.55. The US dollar index was $0.292 higher to $98.380. Cotton Ginnings data as of December 15 showed a total of 10.212 million RB of cotton ginned, an increase of 1.567 million RB over the previous 2 weeks. That total is down 10% from the same week last year. More News from Barchart CFTC data showed managed money trimming ...