Cotton #2 Futures PricesMon, Mar 2nd, 2015
Latest Brugler Cotton #2 Report
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Cotton futures are trading mostly higher at midday, recovering some of the losses posted Friday. As cotton prices have been strengthening, managed money added more than a net 13,500 contracts, taking their net long position to nearly 47,000, the highest since last May, though index funds reduced their net long positions modestly to 53,506. The AWP for the week of Feb. 27-March 5 is 49.48 cents and the loan deficiency payment is 2.52 cents, the lowest LDP since the end of October. California growers got bad news Friday when they were notified that federal water will not be available for the second year in a row.
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