wmeubank@ocp.kcmo.com
TAURUS COMMODITIES
133 W. Boscawen Street, Winchester, Virginia
(December 12, 1997) COTTON: In the past decade, we've seen prices have a range of from about $1.15 to 40 cents, and given the deflationary scenario that is unfolding, it looks like we will see at least 50 cents before coming to a bottom. Generally positive USDA data on export sales did little to stem the decline, adding to the overall bearishness of traders.
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