Cotton #2 Futures PricesFri, Jul 1st, 2016
Latest Brugler Cotton #2 Report
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Cotton futures closed the day with gains of 48 to 82 points, with most heavily traded Dec16 cotton up 57 points on the week. The monthly USDA cotton system report showed that 1,870 RB of cotton with extra long staples were consumed on the cotton system during May. As of May 28, cotton system stocks were pegged at 2,729 RB, up 14% from April, but 23% smaller from the last Saturday in May 2015. Managed money held a CFTC net long position of 35,618 contracts as of the close on Tuesday.The Cotlook A Index was unchanged at 76.15. ICE reported that there were 135,163 certified bales in storage warehouses on June 29, with no new certs and no decertified bales. USDA reported the AWP has risen to 56.11 cents from 55.48 last week. The LDP/MLG is still zero through next Thursday.
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