Cotton #2 Futures PricesWed, Jul 27th, 2016
Latest Brugler Cotton #2 Report
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Cotton futures are sharply lower at midday with most contracts down 120 to 136 points. Export sales of upland cotton totaled 234,724 RB during the week ending July 21, and 42,900 RB of Pima. China was in for 50,113 RB of new crop upland cotton, their largest new crop purchase of the marketing year. Bangladesh was also in for 3,100 RB for 2016/17 delivery, the country’s third consecutive weekly purchase. The Cotlook A Index was up 175 points to 85.35. ICE reported that there were 113,658 certified bales in storage warehouses on July 27, with 1,061 decertified bales. The USDA AWP for the week is 65.28. We get new numbers tonight.
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