The video below talks about how La Niña and a climatological event called the MJO is helping to ease some of the Midwest dryness. It also discusses the terrible U.S. cotton crop and why cotton prices have soared, but also why some drought relief is on the way for Texas deeper into summer: Enjoy
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Here was our spider and trade sentiment in cotton in cotton before the recent explosion in prices. Is it time to take big profits now as drought eases in the southern U.S.?