Cotton Eases Lower into Labor Day Weekend The cotton market has experienced a recent downturn, with front month futures dropping 12 to 94 points and deferreds rising by up to 68 points.
This price drop may have caught some investors off guard, but a closer examination of the data reveals that this is more of a minor correction than a major shift in trend.
Managed money's significant net long position in cotton futures and options is a key factor to consider.