Mar ’20 cotton prices jump up this with the return of risk on and strong equities. The global attitude towards the Coronavirus has seemingly turned form concern to indifference as the spread of the virus outside of China has been limited by rapid response and containment. There is even talk of progress on treatment and vaccines. The fact that China has gone to great lengths to cushion the economic impact of the outbreak by pumping over $200 billion into the economy and working to lower interest rates. Cotton being an economically sensitive market with a great deal of demand coming out of Asia should see solid gains based on this but there will likely be a cap on cotton prices as the longer-term demand and big picture impact of the viral outbreak is still to be determined.