Cotton futures pushed to new lows on Friday, with contracts down 35 to 41 points at the close. December was 113 points in the red this week. Crude oil futures were back up $1.23 per barrel to $59.92 on the day, with the US dollar index $0.120 higher to $99.170.
USDA raised yield on the US cotton this morning, up 58 lbs/acre, to 919 lbs. That took production up 900,000 bales to 14.12 million. Exports were increased 200,000 bales to 12.2 million, as stocks were up 700,000 bales to 4.3 million.
