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Barchart
Barchart
Austin Schroeder

FORGOTTEN HISTORY: Cotton facing outside pressure on friday - The Untold Story

Cotton Oil IS United States US Dollar

Cotton futures are down 34 to 51 points at midday. Crude oil futures were up $0.85 per barrel on the day at $64.57. The US dollar index was back up $0.718 to $96.855. 

Cotton export commitments are 7.553 million RB as of 1/22, down 13% from a year ago. That is 66% of USDA’s export projection and well shy of the 84% 5-year average.

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