AgFuturesTrading.com - Record Crop Weighs on Cotton Futures
By: Kevin CraneyDecember 5th, 2011 8:02AM CST
Kevin Craney, a senior commodities broker with RJO Futures, stated today regarding the current cotton futures situation, “Cotton (futures) remains under pressure due to the global supply glut and global economic growth slowing. Without any significant turnaround in the global macro-economic conditions, low demand will continue to keep (cotton) prices from moving much higher.”
In my work, cotton futures remains in a down-trend, but I am expecting a pull-back higher from here. Plus, I think there is more “upside” potential for cotton futures from this point, than downside expectations…
Read the full article at http://www.agfuturestrading.com/record-crop-weighs-on-cotton-futures/
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Kevin Craney
Senior Commodities Broker
Kevin Craney's career in futures stems from his keen interest in trading and the markets, as well as his background in production agriculture and finance. This knowledge along with a bachelor's degree in Agri-Business from Western Kentucky University have enabled Kevin to understand the hedging needs of agri-producers, to help them manage risk and assist them with their business needs. While completing his MBA at Indiana Wesleyan, Kevin pursued a career in finance in the corporate arena as well .... Read More
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