Antonio Galindez, president and CEO of Dow AgroSciences, will retire effective May 1 and will be succeeded by Tim Hassinger.
The market is looking to move above 94 cents, then jump to 96 cents. Yet, I would not hold my breath looking for 98 cents. As to how much the new crop December might tag along with the May contract, the new crop will be led by weather developments, not old crop prices.
Following a better than anticipated 2013 crop, some softening in grain prices and more concrete answers about the future thanks to a new farm bill, optimism in the cotton market seems a bit brighter than a year ago. But there are some trends that bear watching.