Cotton #2 Futures PricesTue, Nov 25th, 2014
Latest Brugler Cotton #2 Report
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Cotton futures are trading from 54 to 69 points higher at midday. The USDA estimates the national crop is 77% harvested while the 5yr average pace is 83%. The Indian government has plans to buy approximately 15% of its domestic cotton crop to help support prices this year. US cotton export commitments are currently 68% of the annual projection from the USDA, when the five year average for this date is 66%. Cert stocks available for December futures delivery were reported at 29,776 bales as of November 24. There were 5,952 new certs, and another 5,198 are awaiting review. The Cotlook A index is at 65.95, down 0.45 from yesterday.
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