Cotton prices are trading anywhere from up 2 to down 2 points on Monday morning as the market comes back from the three-day weekend. Futures were up 16 points to down 21 points at the Thursday close, as May was up 146 points last week. The US dollar index was $0.402 higher at $99.860. Crude Oil was up $11.94 at $112.06.
Export Sales data showed a total of 371,475 RB of 25/26 cotton sold in the week ending on 3/26. That was a 6-week high and well above the same period last year. Vietnam purchased 175,500 RB, with 59,400 RB to Turkey. New crop sales were 117,271 RB, the second largest for the marketing year. Total sales of 488,746 RB were the largest in 6 weeks. Shipments were at 356,663 RB in that week, which was down 10.96% from last week. Vietnam was the top destination at a total of 104,100 RB.
