Cotton #2 Futures PricesFri, Apr 29th, 2016
Latest Brugler Cotton #2 Report
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Cotton futures settled 7 to 18 points higher on Friday, with the July16 contract up 8 points on both the day and the week. May16 cotton expires a week from today. The USD was down more than 600 points when ag commodities closed, helping to make US commodities more price-competitive on the export market. Managed money held a net long position of 32,258 contracts as of the close on Tuesday, per the CFTC report this afternoon. The Cotlook A Index was up 35 points to 71.70. ICE reported that there were 57,746 certified bales in warehouses on April 28, with 4,518 new certs, and no decertified bales. The USDA AWP for this week is 52.33, up from 50.53 last week. The MLG dropped to 0, from 1.47 during the past week.
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