• Cotton prices have went to the 83-cent area on several occasions. Support at this price level seems firm and might hold. Fresh buying at these prices has created and helped maintain the support.
• The U.S. crop is forecast at 12.9 million bales—down from 17.3 million bales last year and 15.6 million in 2011. When there’s a “smallish” crop, attention turns to fiber quality.

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