Cotton #2 Futures PricesWed, Sep 28th, 2016
Latest Brugler Cotton #2 Report
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Cotton futures were mostly 126 points lower on the day mostly on ideas of drier weather and increasing harvest activity for some of the largest areas. December posted its lowest closing price in eight trading sessions. Crude oil futures were sharply higher on Wednesday, and the USD Index traded on both sides of unchanged. So far this marketing year weekly exports average 169,881 RB, vs. 110,214 RB for the same period last year. Weekly net export sales at this point last year averaged only 75,191 RB/week, and the average so far this year is 176,490 RB/week. The weekly AWP rose to 58.85 last week. It will be in effect through Thursday. The Cotlook A Index is UNCH at 79.20.
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