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Barchart
Barchart
Austin Schroeder

Cotton Feeling Outside Pressure on Thursday

Cotton futures are back down 8 to 14 points at Thursday’s midday. Crude oil futures are down $2.97 per barrel at $59.05. The US dollar index was down $0.248 at $98.155.

Export Sales data showed a total of 339,724 RB of upland cotton sold in the week ending on January 8. That was a marketing year high and more than triple the previous week. Shipments were tallied at 156,104 RB in that week, an 11-week high.

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