Cotton's long term price outlook remains very positive
15 Jul '08
4 min read
Cotton's long term price outlook remains very positive. Yet, there will not be any near term burst in prices. That event has been delayed at least until spring/summer of 2009, or later. World stocks must be worked lower. As indicated, world stocks are estimated to fall by 8.1 million bales in the coming season. A drop of near 11.0 million is needed to create a lasting price rally.
Cotton will trade its fundamentals, but will also be affected, dramatically, by the oilseed and grains markets.
marketing@alchempro.com
