AFB Cotton Close: Prices Move Slightly Lower
Cotton prices closed lower today. After moving higher most to the week prices fell today as a combination of profit taking and overbought markets led to lower prices today. Like with other markets, without the report next week market will trade on the expectation of lower U.S. acreage and and potential of tighter supplies.
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,