Dr. O.A. Cleveland admits he’s a bit dazed at this week’s explosion in cotton prices driven by speculator activity.
Past and present cotton demand has pushed and pushed the market to 11-year highs and that Magic Dollar level. But Dr. O.A. Cleveland reminds us not to get too carried away.
Dr. O.A. Cleveland says online sales and the coronavirus have created a growing, long-term demand for cotton apparel and other items that could remain strong for the next several years.