Cotton futures are continuing the rally on Thursday, with contracts up 70 to 85 points so far. The US dollar index is $0.209 higher at $98.060. Crude oil is up $3.09 so far on the day.
USDA Export Sales data from this morning showed a total of 161,101 RB of old crop cotton sold in the week ending on April 9, the lowest in 6 weeks. That was still 39.99% above the same wek last year. New crop business was tallied at 26,863 RB. Shipments were 305,029 RB in that week, a 4-week low.
