Cotton futures are showing 50 to 85 point losses across most contracts on Friday. Crude oil is up $1.19 to $96.92, with the US dollar index up $0.601 to $100.355.
Export Sales data has total cotton export commitments at 9.157 million RB, which is down 10% from last year. That is 81% of USDA’s forecast and lags the 94% average pace from the last 5 years. Shipments at 5.029 million RB are 4% below a year ago and 45% of the USDA export estimate, behind the 50% average shipping pace.
