Cotton Mostly Weaker on Friday
Yahoo Finance·2026-03-21 01:28
Cotton futures are showing steady trade in the new crop contracts an 20 to 32 point losses in the front months on Friday. Crude oil is up $2.51 on the day to $98.09, with the US dollar index down $0.267 to $99.345. Export Sales data has total cotton export commitments at 9.354 million RB, which is down 9% from last year. That is 83% of USDA’s forecast and lags the 96% average pace from the last 5 years. Shipments at 5.303 million RB are 5% below a year ago and 47% of the USDA export estimate, behind the 5 ...