Cotton prices moved higher in New York at week’s end. But all O.A. Cleveland heard about were his comments on Adidas and demand. So naturally, there’s more.
The market wants to make a major move. USDA says cotton acres will be will up. Yet demand remains the only game in town – everything else is window dressing.
As prices remain unchanged and China remains quiet, the cotton market awaits the USDA planting intentions report for possible good news.