Muleteam1
Thank you for the detailed response. You know cotton. Have you ever traded either Cotton Futures or Options? Being physically in any given crop production zone, as well as having an in-depth understanding of the crop itself, can be of vast assistance, if one is activly involved in trading them.
Here is a cotton market report for today: 'The upside should be limited as the market is expecting a large U.S. crop of over 22 million bales. The demand picture will need to improve in order for this trend to reverse. Rain in West Texas has delayed the harvest. The USDA Weekly Crop Progress Report showed that 45% of the Texas crop has been harvested versus the average of 66% for this time of the year. Support for the March contract is at 42.80-43.00. Resistance is at 44.00-44.20.'