Cotton #2 Futures PricesFri, Apr 28th, 2017
Latest Brugler Cotton #2 Report
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Cotton futures posted gains of 91 points in the nearby contracts today, with back months 3 to 32 points higher. The US Dollar was 25 points lower on the session. The US GDP was shown to increase 0.7% in the first quarter, the slowest rate in the last three years. Cotton spec traders added another 13,226 contracts to their net long position in cotton futures and options The new AWP (average world price) is 69.85 cents/lb, up 88 points from the previous week. The Cotlook A index for April 27 was unchanged from the previous day at 88.80 cents/lb. Cash sales on the Seam have been lacking volume this week, as only 166 bales were sold on Thursday at a price of 66.50 cents/lb.
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