Cotton Prices Decline Amid Market Volatility and Speculative Activity
Cotton futures declined on Friday, with most front months down 1 to 12 points, while May contracts rose 20 points but remained down 40 points for the week. Speculative traders increased their bullish bets on cotton, reaching the highest net long position in nearly two years. The US dollar and crude oil prices also saw declines.
Topics: Commodity Prices Cotton Futures Crude Oil Prices Market Trends US Dollar Index