Wednesday, December 12, 2007

Cotton Crop Report Neutral

A USDA cotton report looks neutral in terms of cotton acreage. Traders have been poring over the report, looking for indications that the cotton crop will get the cold shoulder in lieu of higher priced grains.

I agree - that's what 'should' happen. Though I'm waiting for a breakout (20-day high) in the cotton market before entering.

1 comment:

Peehu Sharma said...

Lupin soared over 7 percent to Rs 1,523.05 on BSE after the company announced that it has received notification about the closure of the inspection carried out by the US drug regulator in March 2016 at its Goa facility.

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