Cotton #2 Futures PricesThu, Apr 17th, 2014
Latest Brugler Cotton #2 Report
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Cotton futures closed 46 to 128 points higher on the day. Outside markets in the US offered a supportive tone, with the S&P 500 futures up another 17 handles at 1856. The Fed Beige Book was seen as viewing better growth opportunities China cotton futures on the Zhengzhou exchange for May delivery were down 0.09%. The China GDP print which was released last night came in at 7.4%, which was in line with the estimate. ICE Certified stocks were reported @ 277,957 bales, with 2,069 new certs, 0 decerts and 1,000 bales awaiting review. The Cotlook A Index is down 1.00 at 92.85.
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