Cotton #2 Futures PricesWed, Jul 30th, 2014
Latest Brugler Cotton #2 Report
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Cotton futures settled 101 to110 points lower. October futures settled at 63.34, the lowest front month futures settlement for cotton since October 2009. Options volume exceeded futures again today, and was heavily weighted to puts. Cert stocks were reported at 146,136 bales, with 10,945 decerts and 0 new certs. The Cotlook A Index is down 0.60 at 80.40. China cotton futures on the Zhengzhou exchange for January delivery were down 0.34%. Grower to business sales were reported at 729 bales. Indian producers are hustling to make up for lost time, with the monsoon finally allowing planting in Gujarat and Maharashtra. Planting is still about 5.8 million acres behind year ago, according to a government agency there.
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