Cotton Prices Decline in Monday Morning Trading
Cotton prices fell by 35 to 48 points in Monday morning trade, following a strong rally of 418 points in May futures over the previous week. The U.S. dollar index rose slightly, while crude oil prices dropped $9.12. Managed money shifted to a net long position in cotton futures and options for the first time in nearly two years.
Topics: Commodity Futures Cotton Prices Export Sales Market Trends USDA Data