Cotton futures rounded out the Friday session with contracts steady to 5 points lower, as March was 40 points higher this week. Crude oil futures were back up $1.02 per barrel at $58.78. The US dollar index was up $0.212 at $98.900.
USDA’s Export Sales now has upland cotton export commitments at 6.598 million RB, which is down 15% from the same week last year. That is 57% of USDA’s export forecast and behind the 77% average sales pace. Shipments are 2.986 million RB and 26% of the USDA number (behind the 30% average pace).
