Cotton #2 Futures PricesThu, Aug 25th, 2016
Latest Brugler Cotton #2 Report
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Cotton futures finished Thursday trade mixed with December 25 points higher, and March 1 point lower. They posted intraday trading ranges of 133 points and 121 points respectively. The US Dollar Index was steady to slightly lower. Weekly export sales of upland cotton totaled 294,400 RB including 18,500 RB booked for next year. China was in the market for 63,500 RB of old crop. Pima sales were 38,200 RB including new crop sales of 6,100 RB. China booked nearly 73% of the old crop pima cotton in this report. ICE has certified stocks for 8/23 at 51,263 bales with 11,028 decerts. The next delivery period isn’t until October. The Cotlook A Index is 77.90. The weekly average world price (AWP) is 60.23 through tonight.
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