Cotton #2 Futures PricesWed, Nov 26th, 2014
Latest Brugler Cotton #2 Report
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Cotton futures were higher today, up 61 to 175 points. The US dollar index was weaker for much of the day, but ended the session fractionally higher. The ICAC unveiled a World Cotton Calendar, offering the latest data on area, production and yield. US cotton ginnings as of November 15 were approximately 7.53 million bales when they were only about 5.72 million bales a year earlier. The cash market should be well supplied. Cert stocks for December deliveries are up to 31,351 bales thanks to 1,575 new certs issued on Tuesday. There have been zero deliveries vs. December cotton. The Cotlook A Index is up 50 points at 66.45.
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