AFB Cotton Close: First Week of Sharp Losses Since Feb.
Cotton prices closed the week with sharp losses for the first time since February. Last Fridays USDA report showed lower exports and a sharp increase in 2014/15 stocks. With so much uncertainty surrounding demand for the 2014/15 crop look for cotton prices to have difficulty maintaining another run at the 85-cent level.
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