date:Dec 24, 2012
lower to 86.32 cents/pound in early morning trading, as did its June counterpart at 100.22.
The Thursday Export Sales report once again held bullish connotations for the cotton market, since exports continue running significantly ahead of the five-year average.
Unfortunately for bullish interests, the concurrent breakdown in the grain and soy complex dragged the white fiber market downward as well. Furthermore, big losses in the metal and livestock complexes suggested futures funds were active