Cotton #2 Futures PricesWed, Oct 1st, 2014
Latest Brugler Cotton #2 Report
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Cotton futures settled 54 to 79 points higher today. The US government resolved a decade-old WTO issue regarding a dispute with Brazil over cotton subsidies. According to The Hill, the United States agreed to make a final contribution of 300 million dollars to settle the matter. Ag Secretary Vilsack said this removes a threat to US exports and ensures that American cotton farmers will have effective risk management tools. ICE Certified stocks are at 18,427 bales, with 118 decerts. The Cotlook A Index is 0.30 lower at 69.65.
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