Cotton futures are trading with contracts 70 to 86 points in most front months on Friday. The US dollar index is up $0.618 at $100.00. Crude oil losses of $3.01 continue to add pressure.
USDA’s Export Sales data has 11.33 million RB of cotton export business, down just 1% from the same week last year. That is 101% of the USDA export projection and 8 percentage points behind normal. Shipments are 79% of that estimate at 8.883 million RB, near the 80% average pace.
