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Cotton Extends Rally on Friday

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Cotton futures finished Friday 89 to 199 points higher, with July up 483 points for the week and December up 398 points. The move came alongside a $0.146 rise in the US dollar index to $98.065 and a $2.57 decline in crude oil to $102.50. Managed money added another 3,891 contracts, signaling supportive speculative flow.

Analysis

Cotton futures finished Friday 89 to 199 points higher, with July up 483 points for the week and December up 398 points. The move came alongside a $0.146 rise in the US dollar index to $98.065 and a $2.57 decline in crude oil to $102.50. Managed money added another 3,891 contracts, signaling supportive speculative flow.

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