Cotton #2 Futures PricesMonday, May 20th, 2013
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Latest Brugler Cotton #2 Report
Cotton futures closed 37 to 70 points lower today with October down the most and July not far behind, despite a much weaker dollar index today. After the close, USDA reported that the US cotton crop is now estimated to be 39% planted compared to the 5yr average of 52%. The Cert Stocks report shows 510,295 bales available for delivery. There were 2,260 new bales certified and 1,110 bales decertified. USDA shows 4,070 bales awaiting review. The Cotlook A Index is 93.90, up 50 cents.
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