Tuesday, July 24, 2007

Cotton Update

Good old cotton's been making a small run up over the last couple of months or so. Here's the latest news today:
http://www.fxstreet.com/futures/news/article.aspx?StoryId=d2121659-b681-441d-bf3e-936c1a2b681f

Looks like the funds are starting to get into this trade. I'm bullish on cotton because it is one of the only grains that has not been part of this massive run up. Farmers have been planting less cotton this year in favor of corn - and less acreage is always a good thing for long investors.

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