Cotton futures posted gains of 26 to 38 points across most contracts on Thursday. Crude oil futures were up $1.24 per barrel on the day at $66.43. The US dollar index was up $0.139 to $97.760.
USDA’s Ag Outlook Forum showed the office of the Chief Economist’s initial balance sheet this morning, with cotton acreage pegged at 9.4 million acres to be planted this spring. Production is seen at 13.650 million bales.
