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Friday, February 09, 2007

No soft landing for Cotton

No soft landing for Cotton! Bears remain in firm control of the Cotton market, as weak exports and heavy speculative selling continue to pressure prices. The key to the price slump has been weak exports. So far for the 2006-07 marketing year, Cotton exports are totaling only 3.861 million bales, compared to last year’s 5.975 million bales this time last season. Read More....