Cotton #2 Futures PricesTue, Oct 13th, 2015
Latest Brugler Cotton #2 Report
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Cotton futures settled at least 149 points higher on Tuesday afternoon. Benchmark Dec15 cotton gained 217 points, recording its highest close since Aug 24. The USDA reports a slightly weakened cotton condition this week, at 47% good to excellent (-1 point from last week). Cotton reaching the boll-opening stage is now at 89%, up 5 points from the 5 year average. Cotton harvest was 22% complete as of Sunday night. It is usually a quarter of the way complete at this time. Cotton ginnings through the first four USDA reporting periods total 619,900 480-pound bales, down 46% from last year at this time, and 64.2% lower than the fifteen year average. The Cotlook A Index was unchanged at 68.40. There were 43,224 certified bales in delivery warehouses on 10/12, with no new certified bales, and no decertified bales. The AWP for this week is45.22, with the MLG/LDP at 6.78 through October 15.
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