Cotton #2 Futures PricesFri, Oct 21st, 2016
Latest Brugler Cotton #2 Report
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Cotton futures ended the week with the Dec16 contract 150 points lower, with about half of the loss coming on Friday with the market down 73 points. That amounts to a 2.17% dip from the previous Friday close. The USD finished the week 676 points higher; a gain of less than 1%. The Commitment of Traders report from the CFTC showed managed money accounts added a net 10,514 contracts to their net long position in cotton futures and options during the week ending 10/18. As anticipated, USDA put the weekly average world price for this week at 60. 66. That is up from 57.90 last week. The Far East price used was 78.09 with cost to market at 14.53 cents. The Cotlook A Index is at 80.35 for 10/20.
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