This past Thursday’s USDA plantings and grain stocks reports did a number on grains. The reports showed domestic corn supplies (old crop) higher than expected, and corn plantings this year if recognized will be the highest since 1936.
Back on Jan. 7 I wrote about Cotton in Market Pulse saying the COT is signaling for higher prices. Back then March 2013 cotton had closed the week at 75.05. So what has happened over the past 2-months?