please explain, page-2

long story but very volatile were the prices - if cotton wasnt delivered by a certain end of month(mar 2011?) the price was some $200 less at one stage - huge crop back then also and logistic problems and higher inventory costs- floods caused delays in picking etc also- maybe also some customers backed out of contracts- more cotton downgraded than normal and the discount applied by the customers was bigger than normal and bigger than what their contracts with the growers said etc etc etc
could be cheap still! good crop this year