Cotton price action is down 50 to 60 points so far on Friday morning. Futures posted Thursday losses of 29 to 79 points. Crude oil was back up $2.49 per barrel on the session, with the US dollar index shooting $0.609 higher.
USDA’s Export Sales report showed 202,567 RB of cotton sales in the week ending in September 24, which was down 12.18% from las week’s marketing year high. Vietnam was th top buyer of 51,200 RB, with 40,600 RB sold to Pakistan. Sales for 2027/28 were 39,160 RB. Shipments were tallied at 149,507 RB, which was back down from last week but a 27.14% increase from the same week last year. Vietnam was the top destination of 49,800 RB, with 25,300 RB to India.
