Cotton #2 Futures PricesTue, Sep 1st, 2015
Latest Brugler Cotton #2 Report
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Cotton futures lost 16 to 45 points on the session. After the close, USDA said extra long staple cotton consumed by the system during July was up 449 running bales (or 36.5%) from the June figure. Stocks on hand (last Saturday of the month) were down 281 running bales (or 5.7%) from June. Overall, the condition of the national cotton crop gained one point in the good/ex categories from last week, currently rated at 54% good/ex. The crop is about 2% behind as far as setting bolls. Bolls opening were at 22%, five points behind the five year average. The Cotlook A Index is up 65 points to 70.60. There are 67,197 certified bales in stock, with 4,235 decertified bales. Old crop load out continues. USDA put the AWP for this week at 48.21. The LDP/MLG is 3.79 cents through Thursday for eligible cotton.
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