King Cotton gets another black eye

July Cotton lost 74 ticks to settle at 49.26 cents per pound, off a trading range of 50.40 to 49.25, high to low. There seems to be little to keep bulls happy in Cotton, as the fundamental picture looks bleak. Supply continues to grow while demand from China remains tepid, as the USDA export projections are not in any way reflective of the reality in the marketplace. Read More....