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Barchart
Barchart
Austin Schroeder

Cotton Rallies on Friday

Cotton futures posted gains of 3 to 45 points on Friday, with a weekly gain of 215 points for May. The US dollar index was $0.337 higher at $100.045. Crude oil saw some late session buying up $6.68 on the day to $101.16.

Export Sales data now has the 9.556 million RB of combined cotton sales and shipments as of 3/19, down 7% from a year ago. That is 85% of the USDA export projection and lags the 98% average sales pace. 

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