Cotton #2 Futures PricesMon, Jun 27th, 2016
Open Interest is for the previous day's trading session.
Latest Brugler Cotton #2 Report
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Cotton futures closed the Monday session 4 to 102 points lower, after trading as much as 99 points higher earlier in the day. The Dec16 contract held the firmest. After the close, the USDA showed 29% of US cotton had reached the squaring stage as of Sunday night, down 4 points from the previous five year average. The weekly report also showed 6% of the crop has set bolls, steady with the average pace. Our Brugler500 Index had the national cotton condition rating up 3 points week over week to 357. Planted cotton acreage in Punjab and Haryana (India) this year is down 27% from 2015, per the local Agriculture Ministry. The Cotlook A Index was 100 points higher to 75.55. ICE reported that there were 135,163 certified bales in storage warehouses on June 24, with only 1 new cert and no decertified bales. There have been no deliveries thus far vs. July futures. Through Thursday, the USDA was the AWP at 55.48, up 108 points from last week. The LDP/MLG is once again zero.
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