Cotton #2 Futures PricesFri, Dec 19th, 2014
Latest Brugler Cotton #2 Report
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Cotton futures were mixed on the day from 4 points lower to 7 points higher. The US Dollar index was more than 350 points higher today, and crude oil ended the day $2.41 higher. Cotton cert stocks dropped to 54,796 bales, with no new certs and 1,056 decerts issued on December 18. The US cotton average world price (AWP) rose to 47.66 for the week of Dec 19-25, reducing the LDP to 4.34 cents. The Cotlook A Index is at 69.35, up 0.10 from the previous day. The weekly Commitment of Traders report showed managed money accounts reducing their net short by 2,589 contracts, bringing their net short position in cotton to -1,162 contracts as of the Tuesday close.
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