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Barchart
Austin Schroeder

Cotton Slips Back on Outside Pressure

Cotton Oil United States USDA US Dollar

Cotton futures closed with losses of 35 to 67 points on the Thursday session. The outside markets were pressure factors, with the US dollar index up $0.480 on the day to $97.000, with crude oil futures $0.41 lower. 

USDA tallied upland cotton export business at 186,108 RB for the week that ended on September 11. The top buyer was Vietnam at 77,000 RB, with 41,800 RB sold to India.  Shipments were pegged at a 3-week low of 120,493 RB. The lad destination was Vietnam at 55,100 RB, with 13,900 RB to Turkey.

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