Nevertheless, traders are widely prepared for a reduction in exports, as well as usage here and abroad, particularly in China where synthetics are making an inroad. Clearly the big question is the projected consumption of cotton as the global economy moves into recession.
Then on Wednesday morning, the monthly Ag Market Network conference calls with Dr. Carl Anderson, Dr John Robinson at Agmarketnetwork.net. We will attempt to examine the ramifications of the USDA report and recent market activity.