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.
There continues to be much concern and uncertainty about demand and the often-weak pace of U.S. exports.
Cotton price has dropped 10 cents in the last two weeks and 15 cents over the last month, primarily due to concerns over demand and U.S. exports.