Cotton futures are down 15 to 28 points across most contracts on Thursday. Crude oil is up $4.90 on the day to $79.56. The US dollar index is back up $0.510 at $99.240.
USDA Export Sales data from this morning showed 150,362 RB of old crop cotton sold in the week ending on 2/26, which was down 40.62% from last week and 9.9% below the same week last year. There was an additional 54,636 RB sold for new crop. Export shipments were tallied at 282,155 RB, which was 46.19% larger than the week prior and 5.46% above the same week last year.
