AFB Cotton Close: Ends Just Over 82 Cent Floor
Cotton prices closed lower today, as December cotton managed to stay just above the 82-cent price floor that has been established over the last few weeks. While U.S. cotton crop conditions remain bullish for prices, the weight of the global supply and demand situation continues to overshadow U.S. fundamentals.
Bolls are sprouting in soggy central and southeastern Texas, where it has rained 9 straight days and even more in some areas. There are numerous insurance issues related to loss