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Austin Schroeder

FOUND: Cotton rally extending to new highs - You Need To See This

Cotton IS Oil United States US Dollar

Cotton futures are continuing the rally on Thursday, with contracts up 70 to 85 points so far. The US dollar index is $0.209 higher at $98.060. Crude oil is up $3.09 so far on the day.

USDA Export Sales data from this morning showed a total of 161,101 RB of old crop cotton sold in the week ending on April 9, the lowest in 6 weeks. That was still 39.99% above the same wek last year. New crop business was tallied at 26,863 RB. Shipments were 305,029 RB in that week, a 4-week low.

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