Cotton futures are trading with 35 to 40 point gains on Thursday. Crude oil is down $1.71 per barrel on the session, with the US dollar index $0.146 lower.
USDA’s Export Sales report showed 216,488 RB of cotton sales in the week ending in October 22, which was up 8.45% from last week and 63.07% larger than last year. New crop bookings were 38,345 RB. Shipments were tallied at 160,762 RB, which was back down. 18.13% from last week and an 8.02% drop from the same week last year.
