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Barchart
Barchart
Austin Schroeder

Cotton Facing Outside Pressure on Friday

Cotton Oil IS United States US Dollar

Cotton futures are down 34 to 51 points at midday. Crude oil futures were up $0.85 per barrel on the day at $64.57. The US dollar index was back up $0.718 to $96.855. 

Cotton export commitments are 7.553 million RB as of 1/22, down 13% from a year ago. That is 66% of USDA’s export projection and well shy of the 84% 5-year average.

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