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Don,
My cotton friends tell me that Brazil is producing Cotton for a cost of
about 35 cents. US farmers need 50 cents. That means the true cost to the
market is probably somewhere in between the two. I don't think anyone will
be growing cotton under 30 cents unless they have a govt. subsidy. Of course
if demands picks up, and retail numbers just improved today, its a whole new
ball game.
Cheers,
Norman
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 13, 2001 5:58 PM
Subject: [RT] Cotton/ Copper
> Does anyone on the list know why cotton has traded "so far below"
historical
> levels "fundamentally?
>
> Is it the slower economy or new world production (China?) similar to
> soybeans (South America) that has caused this severe price drop to happen?
>
> Has something "fundamentally changed" or just an oversold market swing?
> These types of drops normally play heck with the charts indicating
something
> else is "in control"?
>
> Further if indeed cotton and copper may have bottomed (any others ?), the
> "I" word will start to appear soon?
>
> Whats next coffee which is also at historic lows (see chart)?
> don ewers
>
>
>
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