Cotton Market Gains: Sales Surge, Vietnam Leads

Cotton futures surged on August 29th, fueled by a weaker dollar, rising crude oil, and a USDA report revealing a massive 70% jump in cotton sales, led by Vietnam. Despite a dip in actual shipments and spot prices, strong international demand is driving optimism in the cotton market, with October, December, and March contracts all closing higher. Hosted on Acast. See acast.com/privacy for more information.