Cotton #2 Futures PricesFri, Mar 27th, 2015
Latest Brugler Cotton #2 Report
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Old-crop cotton futures bounced higher today with a slightly lower dollar promising this export-reliant crop a slightly more competitive pricing for global buyers. Certified stocks for March 26 were reported at 9,771 bales, with 644 new certs. The Cotlook A Index is down n0.70 at 69.95. Attention is turning acreage and weather prospects for the 2015 crop. A Dow Jones survey put the average trade estimate for cotton acreage at 9.44 million, with a range of 9.0-9.6 million. The USDA report will be on Tuesday at 11 am CDT.
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