Hedge Funds Turn Bullish on Cotton for First Time in Two Years
A bale of harvested cotton during harvest in Oklahoma, US.
Photographer: Nick Oxford/BloombergMoney managers have turned net-bullish on cotton as surging oil prices tied to the war in Iran boost the appeal of natural fiber over increasingly expensive synthetics.
Long positions on New York cotton outnumbered short ones by 16,825 contracts in the week ended April 14, according to data published Friday by the US Commodity Futures Trading Commission. That reverses a sustained net-short position since April 2024.