Cotton Pulls Back on Thursday

Cotton saw weakness on Thursday, as contracts retreated 70 to 85 points lower in the nearbys. Crude oil futures were up just 4 cents per barrel on the day at $65.46. The US dollar index was up $0.100 at $97.725. Export Sales data from this morning showed a total of 253,229 RB of cotton sold in the week ending on February 19. That was a 45.69% decline from the week prior and 18.95% below the same week last year. Bangladesh was the largest buyer at 70,700 RB, with 59,700 RB sold to India. Shipments were tal ...