Cotton price action is up 20 to 27 points so far on Wednesday morning. Futures followed the Monday strength with Tuesday gains of 40 to 45 points at the close. Crude oil futures were back down $1.35 per barrel at $56.97. The US dollar index was up $0.353 at $98.335.
Export sale commitments for cotton have reached 6.5 million RB as of 12/25, down 15% from the same week last year. That is 57% of the USDA estimate and well behind the 75% average pace to meet that projection.
