Cotton traders who spotted this 75-point surge reveal why oil prices could ruin everything
Key Points
- Cotton futures rose 34 to 75 points amid poor crop condition...
Cotton futures just jumped 75 points while oil executives at conferences are basically throwing cold water on everyone's parade. It's like watching your favorite stock soar while the CEO tweets about "challenging times ahead" - technically good news with a side of existential dread.
When Mother Nature Becomes Your Least Favorite Trading Partner
The National Agricultural Statistics Service just delivered some sobering news: only 52% of U.S. cotton crops are in good to excellent condition, down 2% from last week. Texas and Georgia each dropped 4 points, which in crop-speak translates to "w...
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