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...

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