Cotton #2 Futures PricesThu, Sep 18th, 2014
Latest Brugler Cotton #2 Report
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Cotton futures are trading lower, with October off 139 points and December down 69 points so far this morning. Volatile October was down 300 points yesterday and broke several chart support points. Deliveries begin next week. USDA reported new combined weekly cotton export sales of 78,900 RB were made last week. US cotton export sales commitments are now 55% of the forecast for the year vs. the 5 year average of 45%. The recent sales pace has been slower, but there is some cushion. ICE Certified stocks are down to 47,940 bales as we approach the October contract delivery period.
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