Time and time again, cotton – the darling of the commodity world – finds a way to both surprise and survive.
Cotton prices are showing a break to the upside. Dr. Don Shurley says if you’re still holding old crop, consider this run above 84 cents as an opportunity on a portion of that, depending on how much you still hold and how much risk you want to take.
Cotton continued its bullish run all week, challenging the top end of the yearlong-plus trading range until price resistance at 86 cents halted the advance.