Cotton Collapsing on Monday

Cotton futures are falling 93 to 117 points across the front months on Monday. Crude oil futures are down 145 cents per barrel at $60.93. The US dollar index is falling another $0.584 to $96.820. USDA Export Sales data showed 7.35 million RB of cotton commitments as of Jan 15, 13% below last year. That was also 64% of the USDA projection and well behind the 81% average pace. More News from Barchart Commitment of Traders data showed managed money in cotton futures and options adding 1,580 contracts to t ...