Cotton Prices Rise Amid Increased Speculative Bets and Dollar Weakness
Cotton prices rose by 97 to 105 points across most contracts on Monday, driven by increased speculative buying and a weaker U.S. dollar. The net long position in cotton futures and options reached 34,464 contracts, the highest in nearly two years. However, export sales data showed a 2% decline compared to last year's pace.
Topics: Commodity Trading Cotton Prices Market Trends Speculative Activity