By Dr. John Robinson
Farm Progress
In mid-December, the ICE May’24 climbed from 80 cents, peaking over 96 cents in February before settling back at its current level in the lower 90s. Similarly, the July’23 contract peaked over a dollar before retreating back to the lower 90s.
Is the old crop rally in cotton futures over? Maybe. Maybe not. Does it matter much to growers? Well, that depends.