Cotton futures were down 7 points on Friday, with March dropping 85 points for the week. Crude oil futures rose $1.95 to $61.31 per barrel, while the US dollar index fell $0.871 to $97.305. USDA Export Sales data revealed 412,457 RB of cotton sold, with Vietnam as the top buyer. Commitment of Traders data showed managed money adding 1,580 contracts to their net short position. NASS Cotton Ginnings data reported 732,950 RB of cotton ginned from Jan 1 to Jan 15. The Thursday online auction from The Seam saw sales of 62.43 cents/lb on 16,726 bales. Mar 26 Cotton closed at 63.81, May 26 Cotton closed at 65.48, and Jul 26 Cotton closed at 66.97.

Read more at Yahoo Finance: Cotton Slips Lower into the Friday Close