Cotton prices kept their grip on 69 cents, basis December during the week, but short term signals and long term fundamentals continue to favor the market testing its 65 cent price support.  While the market does have a few bullish factors on its side, the realization of a 119-121 million bale crop is expected to keep the bull fighting for every point it can muster.  The October contract moved to first notice today without any fanfare.  The potential for a price squeeze held the on...

This is a tough one.  While losing some 700 points from the hurricane driven high, December futures are still hovering near 69 cents and attempting to dig in its heels.  Its efforts will prove fruitless I predict.   The real work will have to the done once the market tests its long term price support at 65 cents.  Further down is the excellent support at 62 cents.  How dare I speak of prices in the low 60’s?  Okay, let talk about the high 50’s then....