Covered In Cotton

• June 25, 2001
• Marc Dupee

Although large traders did clean out some of their short
positions, the most recent Commitment of Traders report still shows a big net
short position and the possibility for a short-covering rally. When it was
learned that deliveries were being taken, cotton
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its biggest rally of the year, up 8.8%. 

Pigs are continuing their
recent momentum run. Both
August lean hogs
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are on the Momentum-5
List and trading on their highs of the session, making good on Off The Blocks
entries. 

Canadian dollar
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and are setting up to test a four-month high. 

On the downside, corn
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market is lapped lower and is trading at a new contract low.