date:Jan 04, 2013
75 cents to 97.85.
Cotton futures may also have benefited from short-covering Monday, while some traders may have been making bullish bets based upon recent Chinese purchases. Bulls may also believe cotton prices will have to rise significantly in order to compete with soybeans for acreage across the Southeastern U.S.
As is expected of many commodity markets this morning, cotton futures surged in response to the fiscal cliff deal in early trading. March cotton jumped 0.81 cents to 75.95, whil