After trading over a dollar for nearly eight months, cotton prices have taken a late season trek into the 90s, largely due to worries and concerns about demand and the economy.
Ninety cent cotton will uncover enough price support to keep the market afloat. But, it’s economic uncertainty – not cotton – that’s now being traded.
Dr. O.A. Cleveland points to inflation concerns for the drop in cotton prices below a dollar, with the potential to move 5-to-10 cents lower.