Cotton futures are down 50 to 77 points at Friday’s midday. The US dollar index was $0.003 lower at $99.215. Crude oil was up $0.54 on the day to $98.89. The market will be closed on Monday for Memorial Day, with a normal open for the Tuesday session.
USDA’s Export Sales report has the total cotton export commitment level at 10.994 million RB, which is 1% below last year. That is 98% of the USDA export projection and behind the 106% average.
