Cotton #2 Futures PricesFri, Jan 30th, 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 trading mainly lower at midsession with nearby contracts faring better than distant contracts. US unemployment is the lowest since 2008, suggesting more buying power. On the other hand, additional consumer purchases might be imported because of the strong dollar. US GDP growth slowed to 2.6% in the fourth quarter, and only 2.4% for the full 2014. New certified cotton stocks continue to be added, with 1,257 yesterday, bringing the total stocks to 58,580 and more than 3,500 awaiting review. USDA put the AWP for this week at only 44.99 despite the rally on Wednesday. The LDP through Feb 5 will be 7.01 cents.
InsideFutures Softs News