Cotton #2 Futures PricesFri, Aug 22nd, 2014
Latest Brugler Cotton #2 Report
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Cotton futures are trading mixed at midday, with October again showing independent strength and up 75 points, now showing a 136 point premium to December futures. The US dollar index is firmer, up around 192 points today, after a pull back on Thursday. Crude oil is lower on the session. Cert stocks are at 83,309 bales, with 3,241 decerts. USDA reported US export sales last week totaled 155,600 RB of upland cotton and 2,600 RB of pima cotton. That sounds slow, but US export commitments year to date at 48% are stronger than the 5 year average pace of 40% of the full year forecast. The Cotlook A index was last reported at 74.90.
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