Thompson On Cotton: 90 Cents Squarely In The Crosshairs

By Jeff Thompson

Autauga Quality Cotton

The market’s assault on December’s contract high of 89.28 continued last week with 90-cent cotton now squarely in the crosshairs. Support came by way of data confirming tighter cotton supplies and a growing economy poised to fuel demand. Trading within 75 points of the previous high, December futures closed Friday at 87.92 for a gain of nearly seven cents since mid-May.

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