Cotton #2 Futures PricesTue, Feb 9th, 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 trading 27 to 34 points lower this morning, after losses of 12 to 37 points on Monday. The March 16 contract set a new life of contract low, and also closed at its lowest price to date. The National Cotton Council expects planted acreage to rise 6.2% in 2016 to 9.1 million acres based on farmer survey results released over the weekend. This was consistent with other earlier surveys. ICE reported that there were 26,928 certified bales in warehouses on February 5, with 1,630 new certs and 1,618 decertified bales. The USDA AWP for this week is 46.85, with the LDP/MLG returning to 5.15 cents for the week after being 5.11 cents last week.
InsideFutures Softs News