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Barchart
Barchart
Austin Schroeder

Cotton Back to Higher Trade on Friday

Cotton IS Oil United States US Dollar

Cotton futures are posting 30 to 40 point gains at Friday’s midday, with thing March down 81 points. Crude oil futures are up $1.58 per barrel on the day at $66.80. The US dollar index is down $0.135 at $97.605.

Export Sales data from Thursday showed 8.75 million RB in cotton export commitments, down 9% from last year. That is 78% of USDA’s full marketing year export projection, behind the 91% average sales pace. 

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