well it seems the farmers think the independent marketing deal...

well it seems the farmers think the independent marketing deal is a good thing not sure if thats because they feel the marketing will be better or because of the huge cash injection.
There should still be plenty of water in the reservoirs this year so thats a good thing to.
Guess it really depends on the price they get for the cotton and any derivatives/hedges they still have in place, including currency hedges

If Pakistan goes into civil war that should push up cotton prices.

One thing I noticed is a lot of the cotton now seems to be stored outside in round bales like farmers use for hay -silage.

Does that mean their big cotton storage barns are now carrying too high a book value?