We still have a relatively tight supply picture, and ending stocks likely will either be lower or little changed, year-over-year, which suggests that, fundamentally, prices may continue to trade in their long-standing range.
It seems a little early to be forecasting the 2016 cotton market — heck, there are still quite a few unanswered questions remaining for the 2015 crop. And furthermore, there is little in the way of hard data to build a 2016 forecast around.
However, the crop choice decision is critically important because it determines both profitability and subsequent risk management outcomes. It is never too early to be thinking about that.