Cotton #2 Futures PricesThu, Apr 17th, 2014
Latest Brugler Cotton #2 Report
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Cotton futures closed 87 lower to 60 higher. USDA put the weekly export sales for cotton at 230,800 RB, including 218,800 RB for upland and 12,000 RB for Pima. Total commitments as a % o total exports are at 93% compared to 94% at this time last year and the 5 year average of 98%. China cotton futures on the Zhengzhou exchange for May delivery closed 0.29% lower. ICE Certified stocks were reported @ 282,084 bales, with 4,480 new certs, 353 decerts and 805 bales awaiting review. Merchants are gearing up for May deliveries by increasing supplies in deliverable position. The Cotlook A is 1.00 higher at 93.85.
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