Cotton #2 Futures PricesThu, Mar 5th, 2015
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 mixed at midday with March higher and the deferred contracts mostly lower. The USD Index surged another 500 points earlier in the session. Export sales reported by the USDA this morning for the week ending February 26 amounted to a net reduction of 62,500 RB for old crop Upland cotton. Old crop commitments now total 95% of the full year USDA forecast, but you don’t want to see leakage via cancelled or deferred business. New crop bookings were for 22,000 RB. Pima sales came in at 6,100 RB of old crop with no new crop bookings reported. Cert stocks rose to 9,858 bales from 9,317 bales with 981 new certs, and 440 decerts and another 947 contracts awaiting review.
InsideFutures Softs News