Cotton Futures Rise Across the Board as Managed Money Turns Net Long
Cotton futures rose significantly across all contracts on Friday, with May gaining 418 points for the week. Managed money shifted to a net long position in cotton futures and options for the first time in nearly two years. The rally occurred amid a decline in crude oil prices following news about Iran opening the Strait of Hormuz.
Topics: Cotlook A Index Cotton Prices Crude Oil Futures Market Managed Money Positions US Dollar Index USDA Export Sales