date:Oct 30, 2012
is expected to open lower on lackluster cash prices and weakening fundamentals. Pork cutouts were reported lower on Friday afternoon and will negatively affect the market. However, Decembers discount to cash should lend some support to prices.
Cotton futures are trading higher this morning. Prices are higher this morning on short covering after prices slumped to mid-May price levels last week. On the supply side (domestic), quality issues concerning micronaire remain a concern as cotton harves