date:Jul 09, 2014
ses.
At Benson Quinn Commodities, Brian Henry said: There isn't much to get excited about.
Longer term wheat needs to find value. Near term, it is maybe a touch oversold.
Cotton revives
Among New York soft commodities, cotton managed a bounce too, adding 0.4% to 70.49 cents a pound for December delivery, despite some bearish US crop progress data overnight.
This showed the proportion of US cotton rated good or excellent rising by 2 points to 55%.
Still, as Citigroup's Sterling Smith noted,