Cotton futures are trading with contracts up 95 to 110 points so far on Friday after falling lower early this morning. The US dollar index is $0.270 lower at $97.775. Crude oil is falling $11.27 on the day following Iran agreeing to open the Strait of Hormuz this morning.
USDA Export Sales data from Thursday has export commitments at 10.409 million RB, which is down 1% from a year ago. That is also 92% of USDA’s number and lags the 100% pace from the last 5 years. Exports are 6.71 million RB, which is 60% of USDA’s number, which is behind the 62% average pace.
