The supply side of the market is the force for higher prices, while demand has stabilized for now.
The cotton market has truly hit the “summer doldrums.” But marketing fundamentals, particularly on the supply side, are building an argument for trading to the 108-110-cent level.
Dr. O.A. Cleveland says cotton prices will continue to batter the 93-cent barrier. It’ll get there, but don’t expect it to be in any hurry.