By O.A. Cleveland
Consulting Economist, Cotton Expert
The explosion in cotton prices continued this week as U.S. and offshore funds poured bags of cash into both the New York Cotton Exchange and the Chinese ZCE. The climb to the top continues, wherever that is. The price objective of $1.25 to $1.35 is still in the realm of possibility, although I am a bit dazed by the limit up to limit up trading.