Cotton Keeps On Flying
This morning cotton futures(CT H1) are soaring to new multi-year highs. This is a sign that inflation is soaring around the world. Traders and investors can follow or trade the iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE:BAL) which is higher by another $6.01 to $103.79 a share. As mentioned yesterday, consumers will be paying a lot of money for cotton products this year.