Cotton futures are trading mostly lower on Friday, with contracts down 45 to 50 points at midday. October is an exception, up 2 points on thin trade. Crude oil futures are 53 cents/barrel lower. The US dollar index was higher, up $0.401 to $97.525.
As we near the end of the marketing year, total Export Sales commitments are 11.768 million RB, which is 107% of USDA’s expected number and behind the average 116% pace. Actual shipments have totaled 10.778 million RB, which is 98% of that number and beating the 95% average pace.
