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Cotton's long term price outlook remains very positive
15 Jul '08
4 min read
Cotton's long term price outlook remains very positive. Yet, there will not be any near term burst in prices. That event has been delayed at least until spring/summer of 2009, or later. World stocks must be worked lower. As indicated, world stocks are estimated to fall by 8.1 million bales in the coming season. A drop of near 11.0 million is needed to create a lasting price rally.
Cotton will trade its fundamentals, but will also be affected, dramatically, by the oilseed and grains markets.
Cotton will trade its fundamentals, but will also be affected, dramatically, by the oilseed and grains markets.
O.A. Cleveland
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