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Barchart
Barchart
Austin Schroeder

REVEALED: Cotton back to higher trade on thursday - The Real Truth

Cotton IS Oil United States US Dollar

Cotton futures are trading with 45 to 75 point gains on Thursday. The US dollar index was 0.108 higher at $98.520. Crude oil is up another $2.34 to $95.19.

Export Sales data showed a total of 119,947 RB of old crop cotton sold in the week of 4/16, which was the lowest in 15 weeks. New crop sales totaled 57,078 RB. Shipments were at 296,379 RB in that week, a 5-week low.

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