It was a great end to the week for cotton, says Dr. O.A. Cleveland. But the six-month trading range of 78-85 cents remains unbroken.
Cotton growers simply hope for higher prices, but Dr. O.A. Cleveland says the market doesn’t care. Now is the time for growers to take what they can get above 81 cents.
The cash market is terribly slow, leaving Dr. O.A. Cleveland “stuck in the mud” with an 85-cent price cap for cotton.