Cotton Holding onto Gains at Friday’s Midday The cotton market's recent surge has been a welcome respite for producers and traders alike, but beneath the surface lies a more nuanced story.
Futures contracts have indeed traded higher, yet the underlying fundamentals are far from reassuring. Export sales data released by the USDA show that accumulated exports of 12.
032 million RB (bales) represent a staggering 102% of the agency's projection, indicating robust demand for American cotton.