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Austin Schroeder

Cotton Falling as USDA Raises Production

Cotton IS United States Oil US Dollar

Cotton futures are posting Friday losses of 35 to 60 points so far on Friday. Crude oil futures are back up $1.54 per barrel to $60.23 on the day, with the US dollar index $0.210 higher to $99.260.

USDA raised yield on the US cotton this morning, up 58 lbs/acre, to 919 lbs. That took production up 900,000 bales to 14.12 million. Exports were increased 200,000 bales to 12.2 million, as stocks were up 700,000 bales to 4.3 million.  

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