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June 1, 2006
Cotton closed higher today, spurred on perhaps by the following news
items....
China's textile industry consumes about 40% of the world's cotton and
they are already BIG importers...Crop problems in China would have a
MAJOR impact on Cotton prices.
A 25% reduction in the Chinese cotton crop
is a big, big deal...
Meanwhile, in Texas, which produced about 39% of the USA's cotton last
year, the weather problems continue....
I don't know what's coming in cotton prices, but I do
know there is the distinct possibility for a price explosion.
If you are thinking about doing this,
DON'T wait around to call me...Commodity moves can accelerate VERY
rapidly, and with the world's two largest Cotton producers both
experiencing weather problems, it certainly seems like that could be the
case here.
Thanks,
Bill
866-578-1001
770-425-7241
December gapped up (again) and closed .91 cents
higher today....I think it is headed, at a minimum, into the mid to
upper 70's....
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