Cotton #2 Futures PricesFri, May 22nd, 2015
Latest Brugler Cotton #2 Report
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Cotton futures are trading 13 to 34 points higher this morning. The Cotlook A Index is down 0.40, at 72.45. USDA showed in its weekly report that US cotton export sales last week totaled 108,400 running bales, including 95,500 RB of upland. Pima export shipments were a new high for the marketing year at 18,700 RB. Cotton Cert stocks slipped to 110,484 bales, with 20,105 bales decertified, and 3,709 new certs. USDA put the AWP at 52.00, resulting in an LDP of 0.00 for the week ending May 28. USDA also opened up import quota #15. The quota will be established on May 28, 2015, allowing importation of 14,667,427 kilograms (67,367 bales) of upland cotton into the US.
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