Cotton #2 Futures PricesWed, May 4th, 2016
Latest Brugler Cotton #2 Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Cotton futures are lower at midday with Dec currently down more than 100 points, partly due to the strength showing up in the US Dollar Index this morning; up more than 600 points. This follows a fairly weak export sales report for cotton where USDA showed 86,100 RB of combined old and new crop bookings for the week ending April 28. The old crop figure was about 71.2% of the total. Net Pima sales were 11,400 RB. The Cotlook A Index was down 120 points to 70.80. ICE reported that there were 58,340 certified bales in warehouses on May 3, with no new certs, and no decertified bales. There were 1,691 bales awaiting review at the Memphis, TN delivery point. The USDA AWP for this week is 52.33. The MLG dropped to 0, from 1.47 during the previous week. We will get new numbers tonight.
InsideFutures Softs News