Cotton Rockets Higher Early Friday
Old-crop cotton
exploded higher early Friday with strong commercial buying
pushing the May contract. New-crop issues were also
rallying, though paled in
comparison to the nearby May. The May contract is up 2.25
while the July is up
2.03. The December contract is up 0.31.
The risk of loss in trading futures and options can be substantial,
therefore only genuine "risk" funds should be used in such trading.
Futures and options may not be a suitable investment for all individuals
and individuals should carefully consider their financial condition in
deciding whether to trade. Option traders should be aware that the
exercise of a long option will result in a futures position.
Information herein has been obtained and prepared
from sources believed to be reliable; however no guarantee to its
accuracy is made. Comments contained in these materials are not intended
to be a solicitation to buy or sell any of the commodities mentioned.
Past performance is not indicative of future performance results.
Opinions expressed herein are the opinions of the author only and not the
opinion of any firm the author may be affiliated or associated with.
