Cotton Trading with Monday AM Gains

Cotton price action is up 50 to 60 points so far on Monday. Futures rounded out the Friday session with contracts steady to 5 points lower, as March was 40 points higher last week. Crude oil futures were back up $1.02 per barrel at $58.78. The US dollar index was up $0.212 at $98.900. Commitment of Traders data showed a total of 1,306 contracts cut from the managed money net short position in the week ending on January 6. That took their net short to 47,772 contracts. More News from Barchart The Thursd ...