By Dr. O. A. Cleveland
Cotton Grower
Cotton found a rollercoaster ride on the week, slipping down to the 63-cent level that we forecast. But a bit of profit taking on the heels of a solid export sales report saw a triple-digit price increase back to the 65-66 cent prior lows. May fell to a low of 62.54 low at midweek and settled the week at 66.07. The rally then ran into the nine-day moving average in the 65.75 cent area on Thursday and could go no higher.