Cotton prices are down 29 to 36 points on Friday morning. Futures closed with gains of 21 to 43 points across the board on Thursday. Crude oil was up 8 cents per barrel on the session, with the US dollar index $0.271 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. China was the top buyer of 52,100 RB, with 40,800 sold to Turkey. New crop bookings were 38,345 RB, with 17,000 RB sold to Indonesia. 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. Vietnam was the top destination of 65,200 RB, with 26,600 RB to Pakistan.
