Cotton: May cotton closed at $2.0297, down 5.25c per pound but remains near all time highs even against the weak dollar. India’s farm minister said it may allow additional cotton exports and output could climb to a record this year. We continue to prefer the short side of cotton through the purchase of put options.
John L. Caiazzo
Information provided is from sources deemed to be reliable but not guaranteed. Futures and Options trading involve a high degree of risk and may not be suitable for everyone. John Caiazzo is a registered commodities broker with over 40 years experience in investments and opinions are his own and not of the Futures Commission Merchant to which he introduces his clients.