Wayne has posted a long term chart of Cotton a couple of times lately showing it well. Other than the mid 2010 through 2011 big spike up and then big spike down, the historical price range for Cotton is between 40 and 100. Right now it's 92.63 +1.77. And on a Daily chart is in overbought territory plus up against price resistance being the March/April 2012 highs. Lots of price resistance all the way up to 110 as well. Doesn't mean it wont go higher. But unless price is going to be affected by whatever affected it in 2010, price now is at the top of its historical price range.Seasonal trends in all time frames show a sharp spike high for the year mid March and a plunge in price into April. Not something I'd chase. But to each his own...........