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Barchart
Barchart
Austin Schroeder

Cotton Losses Hold into Friday’s Midday

Cotton USDA Oil United States IS US Dollar

Cotton futures closed are trading with Friday midday losses of 50 to 69 points. The outside markets continue to be pressure factors, with the US dollar index up another $0.304 on the day to $97.275 and crude oil futures $0.49 lower. 

USDA tallied upland cotton export business (combined shipped and unshipped sales) at 3.973 million RB, which is down 18% from last year. That is now 36% of the USDA projection and lagging the 52% average sales pace.

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