Cotton futures were steady to 5 points higher on Thursday, with October down 19 points on thin trade. The US dollar index was down $0.207 on the day to $97.540 with crude oil futures $1.45 lower.
USDA’s weekly Export Sales report showed 129,598 RB of cotton sold in the week ending on 9/4, a 3-year low. Vietnam was the top buyer of 61,500 RB, with China buying 17,600 RB. Shipments were 130,206 RB, back down from last week. The top destination was Vietnam at 43,500 RB, with 19,600 RB to Pakistan.
