DTN Closing Cotton Commentary
Mon Mar 17, 2014 03:06 PM CDT

Repetitive headlines made their way throughout the internet with the news story mentioned this morning regarding the Agricultural Development Bank of China taking the spotlight. The headlines caused export woes as China is expected to increase the pace of sales out of its reserve stocks. While this is bearish for cotton, we continue to gain support on tight supplies. Unfortunately for China, cotton prices are now trading at nearly half of what they originally purchased the crop for from the farmers. Hopefully, this may prevent them from unloading stocks in large quantities.

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