Cotton futures are trading in a narrow range of +2 to -2 points Monday morning as markets reopen after a three-day weekend; at Thursday's close futures ranged from +16 to -21 points and the May contract was up 146 points last week. Market action appears muted and mixed on the holiday return; monitor the US dollar and upcoming crop/weather data for potential directional catalysts.
Cotton futures are trading in a narrow range of +2 to -2 points Monday morning as markets reopen after a three-day weekend; at Thursday's close futures ranged from +16 to -21 points and the May contract was up 146 points last week. Market action appears muted and mixed on the holiday return; monitor the US dollar and upcoming crop/weather data for potential directional catalysts.
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