AFB Cotton Close: Prices Rise Modestly
Cotton price rose modestly, today as outside markets remain supportive of gains. Cotton continues to look for fresh fundamentals to trigger another rally in this market and knock it out of the sideways pattern it has been in since March. However, China continues to cast dark shadow on this market, as its policy decisions continue to drive the direction of this market.
By Emily Unglesbee DTN Staff Reporter USDA boosted corn acres above pre-report expectations to 94.15 million acres, up 7% from last year. Soybean acres also rose to 83.69 million acres,