Can high cotton prices offset ongoing logistical issues, high input costs, a battle for acres, and other challenges for 2022? It’s going to take some work and probably a little luck.
Old crop May and July futures contracts will keep shooting for higher highs. Yet, says Dr. O.A. Cleveland, it may be better for prices to drop back to 120 cents to keep mills engaged and focused on cotton as they work to finally fix the price of their previously purchased cotton.
