Cotton #2 Futures PricesFri, May 6th, 2016
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 are currently trading 8 to 26 points higher, after trading with gains of 18 to 33 points this morning. Cotton South Africa reported that South Africa cotton production will be down nearly 50% in 2015/16, citing a farmer switch to more profitable crops such as corn. The Cotlook A Index was 25 points lower to 70.55. ICE reported that there were 65,810 certified bales in warehouses on May 5, with 4,537 new certs, and no decertified bales. There were 4,778 bales awaiting review. The USDA AWP for the upcoming week is 51.92, down from 52.33 last week. The MLG rose to 0.08 from 0 during the past week.
InsideFutures Softs News