Cotton Market Flirts With 92 Cents

By Keith Brown

DTN Contributing Cotton Analyst

The cotton market nearly traded the 92-cent level as it posted another round of new contract highs. The market is being driven by a sturdy bullish trend and hopes global demand will improve. There are fears rising from the COVID-19 delta variant may cause economic disruptions, but as the world becomes more vaccinated, the global economy should improve. It was interesting to see cotton higher Friday in the fact of a very stout U.S. dollar. The greenback, as with cotton, was higher on larger-than-expected jobs data from Friday’s unemployment report.

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