Cotton #2 Futures PricesFri, Apr 17th, 2015
Latest Brugler Cotton #2 Report
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Cotton futures closed sharply lower on the session with losses of more than a penny in some contracts. This follows a 42-58 point loss on Thursday after USDA reported net weekly cotton export sales for old crop were a minus number. Stock market weakness seemed to be more of a factor than the weakened US dollar. Certified stocks for April 16 are 64,508 bales with 4,855 new certs, and another 1,338 bales awaiting review. USDA dropped the AWP for the week ending 4/23 to 50.31, boosting the LDP/MLG for this week to 1.69 cents from 0.91 cents last week. The Cotlook A index is 71.55, unchanged from the previous day.
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