Cotton price action is down 9 to 25 points early on Friday. Futures closed out the Thursday session with stronger trade, as contracts were up 62 to 64 points. The US dollar index was back down $0.347 on the day to $97.780, with crude oil futures $0.17 higher.
USDA reported a total of 179,333 RB of cotton sold in the week ending on August 21, an improvement from last week of 70.19% and 92.81% above last year in the same week. Vietnam was the top buyer of 88,400 RB with 37,800 RB sold to Bangladesh. Shipments dropped to the lowest since last November at 112,656 RB. The largest destination was Vietnam of 41,000 RB, with 11,500RB headed to Bangladesh.
