Cotton #2 Futures PricesFri, Oct 2nd, 2015
Latest Brugler Cotton #2 Report
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Cotton futures were mostly 33 to 46 cents lower on the session, and December was down 44 points, or 0.75% for the week. Weekly data from the CFTC showed managed money (MM) accounts adding a net 705 contracts to their net long position from a week earlier in the Commitment of Traders Report. As of Tuesday, MM accounts were net long 19,068 contracts. The monthly USDA Cotton Consumption report showed bale consumption in August increased to 1,983 bales, up from 1,679 in July, and 1,230 in June. Stocks as of August 27 was 4,526 RBs. The Cotlook A Index was off 35 points to 66.90. There were 44,757 certified bales in stock on October 1, with 88 decertified. USDA put the AWP for this week at 44.32, boosting the LDP/MLG to 7.68 cents per pound from 7.39 last week.
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