In a matter of just three weeks the futures market has gone from being one of the cheapest suppliers to becoming one of the best buyers! On November 22, when spot December entered the notice period, it traded as low as 73.79 and closed that session at 75.21 cents, making the certified stock one of the most attractive lots of cash cotton available.
It is therefore not surprising that there were at least three different takers ready to receive 260’000 bales of certified cotton, most of which ha