No Soft Landing For Cotton:

No soft landing for Cotton: Cotton futures can't seem to hold a rally these days, with yesterday's steep sell-off negating Monday's up-move and setting the stage for a test of contract lows. December Cotton closed at 2-month lows, with brisk selling from commodity funds and local floor traders overwhelming moderate trade buying. Speculative sell-stops were said to have been triggered below 5300 and 5250 in the December contract. Commercial accounts are holding a net-long position in Cotton, which has given some hope that cash business may start to pick up. Read More....