Cotton futures posted weakness on Thursday with contracts closing down 9 to 25 points. Crude oil futures were up $2.28 per barrel on the day at $65.49. The US dollar index was back down $0.264 to $96.010.
Export Sales data showed 203,666 RB of cotton sold in the week ending on 1/22, a 3-week low. A total of 52,000 RB was sold to Pakistan, with 45,600 RB sold to Vietnam and 38,800 RB to China. Shipments were at 257,036 RB for that week, the largest since May. A total of 114,400 RB was headed to Vietnam, with 37,600 RB to Turkey.
