Cotton price action is up 10 to 20 points on Tuesday morning. Futures were weaker on Monday, with contracts closing 1 to 14 points lower. Crude oil futures are $1.43 per barrel higher at $57.95. The US dollar index was back down $0.317 to $97.935.
USDA’s Export Sales report indicated a total of 153,266 RB of cotton sold in the week ending on December 4. That was a 3-week high for sales but 10.19% below the same week last year. Shipments were 101,577 RB in that week, which was a marketing year low.
