By admin       2018-08-24

December cotton was sharply lower Thursday as outside news concerning President Trump set a bearish tone for the general marketplace and scared off would-be buyers. Additionally, new tariffs from China and the U.S. were implemented Thursday, despite the fact the two side are meeting in Washington to resolve their differences. The on-going trade spat continues to support a recovery in the U.S. Dollar, while other world currencies declined. At one time Thursday, December cotton came within 55 points of its August low at 8060, but slightly recovered into the close. However, for all its seesawing about for the last four sessions, as of Thursday December cotton is up a mere 10 points on the week. December cotton settled 8149 down 80, March 19 at 8191 down 73, and December 19 at 7702, down 65. Thursday’s estimated volume was 18,900 contracts.

Download App

# #

Member Login