Cotton futures in the December contract settled last Friday in New York at 68.46 while currently trading at 68.81 up slightly for the trading week stuck in a tight 2 week nonvolatile trading manner looking for some fresh fundamental news to dictate short-term price action.
Hopefully you are able to read my column this week. And hopefully I will be around to realize that not only did you read it but you are still alive and well. The reason I mention such macabre and disturbing thoughts comes from several sources touting the idea that the world will end September 23, tomorrow.
In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold.
A hurricane-related growth recovery in coming months will be supported by reconstruction, replacement demand and deferred spending by businesses and consumers, following losses shaving an estimated 1/2%-3/4% from a third-quarter pace now put at about 2%