Cotton Market: Red Flags and Labor Day Pause

Markets & Money Today | 2 Min News - A podcast by The Daily News Now! - Saturdays

Categories:

Cotton futures stumble as managed money increases short positions! August 30th saw December contracts plummet, the dollar strengthen, and crude oil dip. With Labor Day on Monday, all eyes are on Tuesday's reopening to see if the market can shake off a cautious mood fueled by lagging export sales and a growing net short position of nearly 60,000 contracts. Will the holiday reset the bearish trend? Hosted on Acast. See acast.com/privacy for more information.