Tuesday saw a big sell off in cotton, with the Dec13 contract going limit down.
Monday evening saw the conditions of US crops improved to 46% rated good to excellent up from 43% by the USDA.
There had been concerns over the quality of this years crop, which resulted in a recent run up on the back of this months WASDE report showing a reduction in potential yield.
We also saw improved production likely to be coming out of India, with the Cotton Association of India saying good rainfall during the monsoon
season would mean a 4.6% increase in output.
Looking at out current Dec13/Mar14 spread, there was some continued weakness which is good for us.
The seasonal window doesn't "start," until the 7th of September so today's news gives us a bit of a helping hand after it drifted away on the back of the WASDE numbers.
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