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The market says it is hungry, and the only way to feed high prices is to give the market more cotton. The only problem, says Dr. O.A. Cleveland, is there is little cotton currently available for shipment.
Despite continued pre-planting uncertainty, Dr. Don Shurley anticipates that the run in cotton prices over the past two months will lead to a slight increase in cotton acres this year.
Speculators are in the lead car of cotton’s current roller coaster. Growers are encouraged to be at least 90% priced at current prices.