Is Comeback Inevitable?
Economists Across The Belt Point To Encouraging
Market Signals For 2010
Tommy Horton
Early Market Indicators
Gary Adams has been the chief economist at the National Cotton Council since 2002 and has seen his share of economic trends in that time period. He says the market signals for cotton, corn and soybeans should've been the first indicator that cotton was moving into a more favorable position in 2010.
"If producers are looking at the futures market as their best indicator of what to expect – including the prices of next year's crop – and if they look at where those harvest-time contracts are trading, they have a situation where cotton is in a relatively more favorable position for 2010 than we've seen since 2006."
Economists like to call these price swings "adjustments," and Adams says the latest adjustment for this year is due to corn and soybean prices not being as attractive as they were between 2007 and 2009. At the same time, cotton prices have "adjusted" and strengthened.
source : cottonfarming
Economists Across The Belt Point To Encouraging
Market Signals For 2010
Tommy Horton
Early Market Indicators
Gary Adams has been the chief economist at the National Cotton Council since 2002 and has seen his share of economic trends in that time period. He says the market signals for cotton, corn and soybeans should've been the first indicator that cotton was moving into a more favorable position in 2010.
"If producers are looking at the futures market as their best indicator of what to expect – including the prices of next year's crop – and if they look at where those harvest-time contracts are trading, they have a situation where cotton is in a relatively more favorable position for 2010 than we've seen since 2006."
Economists like to call these price swings "adjustments," and Adams says the latest adjustment for this year is due to corn and soybean prices not being as attractive as they were between 2007 and 2009. At the same time, cotton prices have "adjusted" and strengthened.
source : cottonfarming
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