Cotton futures are trading with steady to 4 point lower action across most nearby contracts at midday. The outside markets are mixed factors, as the US dollar index is down $0.779 on the day to $97.530 and crude oil futures $1.67 lower.
USDA’s weekly Export Sales report showed a total of 244,971 RB of cotton sold in the week ending on August 28. That was a 36.6% increase from last week and 81.21% above the same week last year. Actual shipments totaled 154,651 RB which was the highest in 4 weeks.
