Cotton Bouncing Off Limit Losses at Midday

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Cotton futures are trading with 281 top 381 point losses at midday, with nearby July bouncing off early limit losses. The US dollar index is $0.407 higher at $98.135. Crude oil is up $4.01 at $105.18 midday. Few details announced following the meeting with President Trump and China’s President Xi left the market hanging. President Trump stated early this morning that US farmers will be very happy with the trade deals with China. USDA’s Export Sales report from Thursday now has the US export business at 10.863 million RB, which is 97% of the USDA forecast and lags the 105%…

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