Cotton futures saw a decline on Friday, with contracts down 13 to 30 points. December dropped 51 points for the week. Factors like a weaker US dollar index and lower crude oil futures contributed to the weaker trade.

Speculative funds increased their net short position in cotton futures and options by 6,438 contracts as of September 2, bringing the total net short to 66,369 contracts.

USDA’s Export Sales report for the week ending on August 28 showed a total of 244,971 RB of cotton sold, a 36.6% increase from the previous week. Top buyers included Vietnam, India, and China. Actual shipments totaled 154,651 RB, with a significant amount going to Vietnam.

The Cotlook A Index remained unchanged at 77.50 cents on September 4. ICE cotton stocks were steady, with certified stocks at 15,474 bales. USDA’s Adjusted World Price was down 63 points at 54.31 cents/lb.

Closing prices for cotton futures on Oct 25, Dec 25, and Mar 26 were 64.39 (down 30 points), 66.03 (down 17 points), and 67.96 (down 13 points) respectively.

Read more at Yahoo Finance: Cotton Ends Friday with Weakness