“The Market is Vomiting” Cotton Market Expert Explains

cottonreadyharvest
cottonreadyharvest

LUBBOCK, TX – It’s not just cotton but “the market is vomiting” explains Dr. Darren Hudson, Director of the International Center for Agricultural Competitiveness at Texas Tech University.

If you look at export reports, cotton is selling like hotcakes so the demand doesn’t appear to be cascading lower, though the supply is – thanks in part to a likely 10 percent loss in production across the Southern High Plains due to drought and high winds.

You’d be hard-pressed to find fundamental reasons for the selloff he adds, though he still believes there are some buying opportunities under a dollar, what the hedge-fund manager in New York is thinking is anyone’s guess.
(SOURCE: All Ag News)

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