News Snapshot:
Advancing 174 points, December cotton futures closed the week at 94.84 finding itself within two cents of the contract high of 96.71. Though trading activity was much less volatile than that of the previous week, a host of uncertainties remain. The current market resembles a mountain climber who has been scaling a steep, precipitous slope with ease but is now struggling to breathe as air becomes thinner, terrain rougher, and ominous storm clouds start to immerse him. Climbing higher requires every hand hold be meticulously placed to safeguard a potential fall. The darkest clouds center around demand concerns. Due to...
