Tag : cotton

Cotton Prices Lower Off Crop Report
Cotton Prices Lower Off Crop Report

Cotton Futures—Cotton futures in the July contract finished lower by 53 points at 78.47 reacting negatively off of the WASDE crop report released this afternoon as the fundamental picture in the short term still looks bearish. Weak demand coupled with a slightly higher carryover level sent prices lower today, but in my opinion I think prices held up relatively well…

Cotton Prices Continue Bullish Trend
Cotton Prices Continue Bullish Trend

Cotton Futures—Cotton futures in the July contract settled last Friday in New York at 78.31 while currently trading at 78.59 up slightly still hovering right near a 4 month high. I have been recommending a bullish position from around the 76.70 level and if you took that trade place the stop loss under the 2 week low which now stands…