Cleveland On Cotton: Recipe For Higher Prices, But Maybe Not Mid-80's

By O.A. Cleveland, Consulting Economist, Cotton Expert

Despite faltering prices at week’s end cotton enjoyed a very positive week as prices increased and exports sales continued robust. Cotton established life of contract highs across the board. New York noted the stronger Chinese market and followed suit. Further, the On-Call sales report, particularly for the May contract, lent a hint of support to higher prices.