date:Dec 24, 2012
ly exiting positions before the holiday season, which ultimately created a general rout across the commodity markets.
Conversely, short-covering seems likely to prove rather pervasive today, thereby potentially lending cotton futures considerable support. The fact that the nearby March contract has remained above its 10-day moving average during the recent slide suggests prices could surge in more supportive conditions. March cotton was unchanged at 75.83 in overnight trading, while December in