The market continues to disregard fundamentals and is putting more focus on the grain markets which will not even be a factor until the spring 2008. Soybeans were up slightly again today and will continue to play a factor in the near term price for cotton.
Another flag has broken higher and we will look for further gains next week. The market is still finding light selling pressure scale up as we are waiting for new crop business to pick up to a point that will put a dent in this rally.
marketing@alchempro.com
