Cotton Prices Surge to Highest Levels in a Decade
Cotton prices are soaring at their highest levels in a decade, joining the rally in the broader commodities ...
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Cotton prices are soaring at their highest levels in a decade, joining the rally in the broader commodities ...
Anna McConnell Markets came roaring back after the Memorial Day Holiday, fresh and intent on moving higher due to the freeze in northern areas of soybeans and corn, and many other crops. Of course, most corn had the growing point still below ground, so the primary damage was burning the leaves off the corn. Soybeans have a different process, as the growing point is above ground immediately upon emergence. So, any soybean plants fully emerged and subject to freezing temps will probably need to be replanted. The market rallied loudly, only to be reminded in the crop progres...
If a major crop problem develops this summer yet (like a drought), we could rally back up to new highs or the old highs, analyst says.