Cotton #2 Futures PricesWed, Jul 1st, 2015
Latest Brugler Cotton #2 Report
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Cotton futures are 11 points higher to 140 points lower at midday with 2016 contracts the firmest and thin October the hardest hit. The USDA reported on Tuesday that cotton acreage is just below 9 million acres, the smallest since 1983. Texas figures will be resurveyed and available in August. The Cotlook A Index and Forward A Index are off 5 and 15 points, down to 74.30 and 76.75 respectively. Current cert bale stock according to ICE is steady today, with 167,565 bales, no new certified and no decertified bales. There are 264 bales awaiting review.
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