Cotton futures are trading with contracts 34 to 123 points lower across most contracts on Thursday. Crude oil is back up $166 per barrel on the session, with the US dollar index shooting $0.714 higher.
USDA’s Export Sales report showed 202,567 RB of cotton sales in the week ending in September 24, which was down 12.18% from las week’s marketing year high. Sales for 2027/28 were 39,160 RB. Shipments were tallied at 149,507 RB, which was back down from last week but a 27.14% increase from the same week last year.
