Cotton Futures Surge, Exports Hit Record

Cotton futures surged on Tuesday, with March, May, and July contracts all closing higher. Export sales data showed a marketing year high, with three hundred four thousand six hundred eighty-nine running bales sold. Traders added contracts to their net short position, but recent auctions and indices painted a firmer picture. Despite some bearish pressures, strong exports position cotton for more price fluctuations as we approach the new year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.