Cotton #2 Futures PricesFri, Aug 26th, 2016
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Cotton futures ended Friday trade mixed, but within 5 points of unchanged with December down one point on the session, and unchanged for the week, but with a trading range of 205 points since last Friday. The USD was up more than 700 points following a speech from the Chair of the Federal Reserve this morning. Crude oil futures lost a few cents/barrel on Friday. USDA put the new average world price (AWP) at 58.81, down from 60.23 last week. There is, of course, no LDP at that price level. The Cotlook A Index is at 77.15, down 0.75 for 8/25. ICE has certified stocks at 49,500 RB.
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