Cotton futures are trading with gains of 86 to 99 points at Friday’s midday. Crude oil is up $1.21 per barrel, with the US dollar index $0.388 lower.
Export Sales data updated on Thursday showed old crop cotton commitments at 11.976 million RB as we rounded out the marketing year. That was 1% above the same period last year and 102% of the USDA forecasted export total. New crop business is at 3.12 million RB, wich is 43.33% ahead of the same pace from last year.
