Obviously, this will have a big impact on how high the market can go in this redemption rally. Specs are committed to go long and there is news of new hedge funds who are throwing money into the cotton market when we were on the lows. A index blend has begun which will keep the A index firm to rising over the next six weeks.
There are several factors that should allow the market to rebound, but the N'07 expiration may keep the market in check short term as N'07 will struggle to get through 50.00 cents and especially 51.00.
marketing@alchempro.com
