How Much Lower Will Cotton Prices Go Here?

May cotton (CTK26) futures present a selling opportunity on more price weakness. See on the daily bar chart for May cotton futures that prices are trending lower and are not that far above the recent contract low. Bears have the solid near-term technical advantage. More News from Barchart Fundamentally, consumer tastes have shifted away from cotton and more toward synthetics the past few years, while at the same time China purchases of U.S. cotton have declined. These major bearish elements for the cott ...