Cotton #2 Futures PricesThu, Jul 30th, 2015
Latest Brugler Cotton #2 Report
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Cotton futures closed Thursday 20 to 35 points lower. USDA reported combined old and new crop cotton export sales at 99,200 RB, with 93,100 RB of Upland and 6,100 RB of Pima sales. Net sales decreased by 32% week over week, to the lowest number of weekly sales since the week ending April 30. Upland sales for 15/16 cotton @ 69,800 RB made up most of the upland total. Shipments were 168,500 RB, helping accumulated exports get to 100% of the total projected for the year; the five year average for this date is 98%. The marketing year ends July 31, leaving 8 days of export sales reporting following this report. The Cotlook A and Forward A Index are both up 75 points, to 71.50 and 73.75 respectively. ICE reported that there are 116,181 certified bales in stock, with 1,824 decertified bales.
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