By admin       2018-07-30

The bulls posted a modest 126 point win on the week as the Dec contract settled at 88.34. The Dec – Mar spread moved to even on Tue, but finished the week inverted at 20 points. Overall, it was yet another slow week for domestic news pertaining directly to ICE cotton futures, although President Trump did announce that a subsidy will be made available to most US farmers (including those who produce cotton) to help offset any losses incurred as a result of strained trade relations resulting from with his administration’s levying of tariffs, particularly against China. West Texas saw some rain and shower activity on Thursday, but it was far from the drought-buster that is so desperately needed by our friends in that part of the country.

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