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Here's an amazing story out of China concerning the price of cotton:

Yu Lianmin, a cotton farmer in Huji, China, harvested 6,600 pounds of cotton this year. Despite record cotton prices, he didn't sell any of it.

Instead, mounds of cotton are piled up in two empty rooms of Mr. Yu's home, and the homes of many of the farmers in his small township of Yujia, which is part of the bigger township of Huji in northern Shandong province, 220 miles southeast of Beijing. The farmers are holding out for higher prices, aiming to help overcome higher costs of labor and fertilizer, which are up about 20% in the past year.

"I think there's still hope for prices to go higher," he said.

And here's Mr. Lianmin, farmer and speculator, with his cotton (click on the image for an awesome slide show):

Looook OUTTTTT BBBBeeeeellllooooowwwww!!!!

That's the sound of the price of cotton collapsing.

Let's just hope that Mr. Lianmin has heard the phrase, "Bulls make money, Bears make money, (greedy) Pigs get slaughtered."

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