81,000 BETS Against Cotton? Prices Explode Today! What You MUST Know!
Did you know speculative funds are placing a record bet against cotton? Cotton futures soared significantly on Wednesday, with some contracts gaining nearly 100 points, even as crude oil saw modest gains and the US dollar weakened. This surge occurs despite a massive increase in net short positions by spec funds, now totaling over 81,000 contracts, signaling potential volatility. Furthermore, the market is bracing for a closure on Thursday, adding another layer of anticipation to these commodity movements. For more crucial market insights and expert analysis, make sure to subscribe to our channel.
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