AFB Cotton Close: Price Climb Continues
Cotton prices climbed to their highest level since last August. With tightening world supplies outside of China this market is working to buy more U.S. cotton acres. While gains of more than 1-cent were seen in the nearby contact, gains in the December contract were much less as prices were unable to break resistance at 80-cents.
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