Cotton #2 Futures PricesWed, Oct 26th, 2016
Latest Brugler Cotton #2 Report
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Cotton futures are trading from 14 points lower to 6 points higher after closing 20 to 28 points lower on Turnaround Tuesday. The US dollar index shot up to new highs for the move (99.09 on Dec futures) but slipped back to trade in negative territory. Crude oil futures were down more than $1/barrel, threatening lower synthetic fiber prices. The stock market was also lower. Celeres is projecting that Brazilian cotton acreage will be up 4% from last year, with yields also improved. The weekly AWP for this week is at 60.66 through Thursday.
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