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Cotton Summary: July 11, 2024.


ICE futures found support yesterday temporarily halting the market’s recent slide with Dec settling right in the middle of yesterday's range up 38 at 70.93. Traders credited some of yesterday's support from lack of follow through selling and even possibly some spec short covering ahead of this Friday’s WASDE. Additional support may have come from continued evidence of export interest around the globe as mills seek nearby coverage. Trading volumes were generally light again with a few TAS offers sprinkled in over the session. Outside markets were mixed today with the Dow higher, dollar lower, crude firmer, and grains mostly lower. Traders await today's US Export Sales report and also US economic indicators with CPI figures out and any potential impact on the Dollar after this week’s Fed comments

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