Cotton trades unchanged after yesterday’s volatile session.
Cotton prices gained on Monday in a high volume, volatile session. This was caused largely by Fund rebalancing. In the process, open interest in March fell 2,550 contracts. Today, futures are trading near unchanged. The US Dollar Index is down 32 points at 81.07. Crude oil is up $1.92 at $103.20. March soybeans were down ¼ cent overnight at $12.23 ¾. March corn was up ¼ overnight at $6.52 ¼. March wheat was down 2 ¾ cents overnight at $6.39. China’s cotton prices were mixed.
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
