Cotton futures are trading with contracts up 43 points in July and other contracts steady to 5 points lower. Crude oil is down $2.85 to $84.86/barrel. The US dollar index is down $0.109 at $99.740.
USDA’s Export Sales report now has the old crop cotton commitments at 11.541 million RB, which is 101% of the USDA export projection revised higher on Thursday, and behind the 110% average sales pace. Shipments are 9.183 million RB, which was 80.3% of the USDA estimate and compares to the 82% average shipping pace.
