Cotton futures were 8 to 56 cents lower in most contracts on Friday, with July down 319 points on the week. December was down 258 points since last Friday. The US dollar index was $0.052 higher at $99.270. Crude oil was up $0.65 on the day to $97.00. The market will be closed on Monday for Memorial Day, with a normal open for the Tuesday session.
CFTC data showed managed money adding another 2,475 contracts of cotton futures and options to their net long in the week ending on 5/19, taking it to 62,045 contracts.
