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(May 10 2012) Exclusive to GEOnomic Investing The United States Department of Agriculture released its monthly supply-demand report for major crops today, and the corn and cotton reports came as a shock to analysts and sent prices on a downward spiral. The USDA unexpectedly raised its forecast for near-term corn supplies, and projected a record corn [...]
(May 1 2012) Exclusive to GEOnomic Investing: Cotton prices saw volatile swings in April, with traders constantly adjusting their positions, and prices reacting in a knee-jerk fashion to technical buying and selling. In the end, the price differential between April 2nd (the first trading day of the month) and April 30th (the last trading day) [...]
Cotton futures saw a modest retreat this month, they started trading at $93.40 cents per lb on the 1st, and closed at $90.44 on February 29th. Prices saw their steepest price swing on the 7th, as futures tumbled the most in two months on signs that demand in China, the world’s biggest consumer, was retreating. [...]