Orange Juice Futures––Orange juice futures in the July contract finished up 20 points at 98.20 in a relatively quiet trading session this Wednesday afternoon in New York as I am currently sitting on the sidelines waiting for a trend to develop. If you are short a futures contract as an exit strategy I would place my stop loss above the…
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Cotton Futures—Cotton futures in the July contract is trading lower by 66 points at 67.25 reversing some of the sharp gains that we witnessed in yesterday’s trade as there were concerns about heavy rains in the state of Texas delaying planting. The crop progress report was released yesterday afternoon showing that 44% of the cotton crop had been planted which…
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