Cotton captured the attention of commodity speculative funds all week as USDA reports were bullish to neutral and prices returned to the prior month’s highs, posted new highs, and triggered technical signals of yet higher prices. However, we must caution that prices have moved only about a cent above where the market failed on its last leg up. Presently, the fundamentals of supply and demand offer a brighter outlook than six weeks ago, but open interest, while increasing, has b...