Cotton #2 Futures PricesFri, Aug 29th, 2014
Latest Brugler Cotton #2 Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Cotton futures settled steady to 50 points lower. US export commitments (sales plus bales already shipped) are 50% of the full year forecast vs. the average of 41%. The US dollar posted the highest weekly close since July 2013, which means foreign buyers have to pay a bit more in local currency. The Cotlook A Index is quoted -.075, at 75.30. USDA shows the AWP for August 29 through September 4 at 54.71, vs. the national average loan rate of 52.00.
InsideFutures Softs News