The cotton market bulls are back in business after prices closed locked up the 400-point limit on Thursday, following a very bullish USDA supply and demand report. The big upmove put December cotton futures back into a bullish near-term technical posture. While a normal corrective pullback from Thursday’s big gains was seen as of this writing Friday morning, look for the cotton futures market to at least challenge the early-June high in the coming weeks. Stay tuned!