Cotton: Highest Prices in 150 Years
February 3rd, 2011Via: Reuters:
U.S. cotton futures jumped for the third straight day on Wednesday, settling up the daily limit, as Asian mills fueled the rally on average volume.
Cotton futures have rallied almost 25 percent since the middle of January, the latest wave of a historic run that began in 2010 and sent cotton prices to their loftiest levels in almost 150 years.
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