Wednesday, November 12, 2008

Cotton Futures Continue Their March Towards Zero

Can you spot the trend?

Trading below 40 cents, cotton must be one of the most underpriced commodities in the history of western civilization.

Supply was already under pressure, as farmers neglected planting cotton in recent years in favor of higher priced grains, such as corn and soybeans.

Lock and load, because we're going to see cotton skyrocket at some point over the next few years. Prices are now at their lowest levels since 2001 - before this whole commodity parted really got started!

No comments:

Most Popular Articles This Month