By Dr. O. A. Cleveland
Cotton Grower
The old crop May and July futures contracts will continue to have bullish activity at least through early June. The market will come under pressure if speculators instigate short covering selloffs, but the low 90s should prevent any activity below 90-91 cents – at least through the expiration of the May contract and into early June for the July contract. The only other bearish activity facing old crop will continue to be weak fundamental demand.