July prices are still bumping into resistance. But there are enough positive fundamentals in the market to provide a bit of bullish hope.
There’s usually speculation on the June USDA Acreage number and how it might compare to the March Prospective Plantings number. So far, it’s all quiet.
It was a pretty good week for cotton, as fund money continued to flow to all commodities, and mills began to ease their price expectations higher.