“Back to School with Ed Usset” is a new feature of Corn & Soybean Digest, in cooperation with Ed Usset and the Center for Farm Financial Management. Ed’s challenging and authentic quiz questions are designed to test your grain marketing knowledge, and will help you learn while having fun! Ed Usset is the author of “Grain Marketing is Simple, It’s Just Not Easy,” and is a grain marketing specialist at the University of Minnesota.
It’s mid-winter in Minnesota but my mind is on a very un-Minnesota commodity – cotton. Nearby cotton futures prices are close to $2 per pound. These are record high prices for cotton, breaking old price records set when?