👤Angus Catchot, Extension Entomologist
🕔09:09, 21.Jun 2011
The macroeconomic lesson was the key to the cotton market this week as the sharply increased value of the U.S. dollar along with troubling economic news from across the globe sent cotton and most other commodities sharply lower. Cotton has now lost some 17 cents from the four week high. The slowing demand out of China, coupled with glowing official comments regarding a very promising Chinese crop, have offset the disastrous crop conditions in the U.S.
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