Cotton #2 Futures PricesTue, Sep 2nd, 2014
Latest Brugler Cotton #2 Report
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Cotton futures settled 126 to 173 points lower. The US dollar index was again sharply higher. Crude oil was sharply lower, presumably putting pressure on synthetic fiber prices. USDA shows the AWP for August 29 through September 4 at 54.71, vs. the national average loan rate of 52.00. Certified stocks are down to 70,987. USDA shows 31% of the crop has bolls open, ahead of the 27% average pace and the 15% at this time last year. Condition is 50% good or excellent, down 1% from last week, but 5% above year ago.
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