Cotton trades a little higher.
Cotton prices fell on Friday ahead of the long weekend. This morning, cotton is trading 50 points higher. Last week featured liquidation of the March contract and that should continue as first notice day approaches on Thursday. The US Dollar Index is down 31 points at 79.15. Crude oil is up $1.41 at $104.65. The Greek financial bailout went through and financial markets are experiencing a relief rally. March soybeans were up 1 cent overnight at $12.74 ¾. March corn was down 6 cents overnight at $6.35 ¾. March wheat was down 6 ½ cents overnight at $6.37 ½. China’s cotton prices were lower.
FLANAGAN TRADING CORPORATION
4901 Draycroft Place, Fuquay-Varina, North Carolina, 27526
Tel: 800-830-0539 or 919-557-8200 E-mail: cottonjohn@aol.com
Cell: 919 801 1567
