Cotton Prices Rally To 7 Week High On USDA Report

11 Dec in Blog, cotton & commodity trading with Michael Seery 1-800-615-7649

Cotton Futures--- Cotton futures have broken out to the upside in the March contract up 150 points breaking out of the recent trading range now looking to possibly head towards contract highs around $.78 on this morning’s USDA crop report which raised exports while lowering carryover from 5.80 million bales to 5.40 million bales also lowering last year’s production by 1% and in my opinion this report cou

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