Cotton #2 Futures PricesThu, Oct 8th, 2015
Latest Brugler Cotton #2 Report
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Cotton futures traded around 35 points lower on Thursday. The USDA weekly Export Sales report showed that 565,200 RB of cotton was sold during the week ending Oct 1, including just 3,000 RB of Pima. Total sales set a marketing year high, and were 4.8 times larger than the previous week. China purchased 7,395 RB of cotton, down 8% from the previous week. Accumulated exports to China are 71% smaller than they were at this time a year ago, due largely to the cotton stockpiles in the country. The Cotlook A Index was 25 points higher to 68.45. There were 43,604 certified bales in delivery warehouses on 10/7, with 264 new certified bales, and 1,024 decertified bales.
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