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Futures - Cotton #2Friday, May 25th, 2012Current Prices | End-of-Day Prices | Options Quotes | Spread Quotes | Profile
Cotton finished the session mixed and was down 437 points for the week. The weekly CFTC report showed Managed Money had increased their net short cotton position by 118 contracts to 12,950 net short. Certificated stocks were down about 20,000 bales from yesterday at 132,639 bales. Decert orders were 19,474 bales and 1 new cert. All time high prices curbed demand for cotton in the 2010/11 marketing year and provided incentive for an increase in world production which has led to lower prices now. Prices have dropped 16.81 cents a pound in the past three weeks and are at the lowest level since February of 2010, which will make cotton more attractive to buyers at some point. Pressure from the outside markets also weighed on cotton prices this week. Jul 12 Cotton closed at 73.62, down 32 points,
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