Cotton Surges “Limit Up” For Second Consecutive Day

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Cotton Surges “Limit Up” For Second Consecutive Day

Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge “limit up” for the second day in the row.  Was our case for cotton perfectly timed for once?  (See: Cotton’s Blue Light Special) Cotton’s sharp reversal sent shorts running for cover. (via Barchart.com) While there have been additional acreage reductions announced in the […]

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Low Acreage Propels Cotton "Limit Up"

The smallest acreage for cotton in 26 years has propelled the fluffy material “limit up” for the day, in what amounted to almost a delayed reaction from traders, as cotton was initially down yesterday when the report came out. Likely due to the weakness shown by the other grains. You’d think that with cotton supplies […]

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