Cotton Rallying the Limit on Monday

Written on 09/18/2024
Austin Schroeder

Cotton futures are posting limit gains of 300 points across the front months on Monday. The dollar index is down 485 points so far, with crude oil futures up just $1.11/barrel. The large managed money speculators were adding 6,827 contracts to their net short position as of 9/10 to 49,492...Closeup of Cotton Plant