Cotton prices are up 60 to 87 points on Friday morning. Futures saw mostly higher trade at Thursday’s close, as may was the exception down 3 points, with the rest up 7 to 25 points. Crude oil was up $9.15 to $96.40, with the US dollar index up $0.535 to 99.760.
Export Sales data showed 253,177 RB of cotton sold in the week ending on March 5, back from the week prior and 4.84% above the same week last year. Vietnam was the buyer of 116,300 RB, with 28,200 RB to Bangladesh. Shipments were the largest since last May at 370,131 RB in the first week of March.
