Cotton Prices Falling Back on Wednesday
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Key Highlights
Cotton futures are trading with 90 to 98 point losses so far on Thursday, as contracts correct from near limit gains on Tuesday. The outside markets a
Cotton futures are trading with 90 to 98 point losses so far on Thursday, as contracts correct from near limit gains on Tuesday. The outside markets are stronger, as Crude oil is up $4.09 following the US striking Iran overnight and President Trump stating the ceasefire is over. The US also revoked waivers authorizing Iran oil exports. The US dollar index is up $0.087.
Market Movements
Trade Data
Price Changes
How will the markets be affected by this situation and what trajectory will they follow in the future? These questions have important implications for the future of cotton prices.
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