The cotton bull, with freshly sharpened and longer horns, has broken out and is trying to push old crop May and July contracts above 80 cents.
Dr. O.A. Cleveland praises U.S. cotton exports, muses about USDA predictions and calculations, and ponders the role of Better Cotton Initiative in the U.S.
Dr. O.A. Cleveland believes growers should price at least 50% of their anticipated 2017 crop now with the December ICE contract above 74 cents.