Cotton price action is down 45 to 70 points early on Friday. Futures resumed gains on the Thursday session, as contracts closed with 17 to 81 point gains. The US dollar index was 0.234 higher at $98.655. Crude oil was up another $4.04 to $97.00.
Export Sales data showed a total of 119,947 RB of old crop cotton sold in the week of 4/16, which was the lowest in 15 weeks. Vietnam was the top buyer of 62,100 RB, with 22,400 RB sold to Turkey. New crop sales totaled 57,078 RB. Turkey was the buyer of 17,600 RB, with 17,600 RB sold to Indonesia. Shipments were at 296,379 RB in that week, a 5-week low. Vietnam was the top destination of 89,000 RB, with 46,600 RB headed to Pakistan.
