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Commodities rally spills into cotton as Fed plans decimate dollar

Posted on 23 March 2009

From Lubbockonline.com: A surprise Federal Reserve announcement that it will buy longer-term government debt in efforts to revive the economy decimated the dollar last week, triggering a commodities rally that spilled into cotton futures.

Cotton rallied after back-to-back losses to close mixed for the week ended Thursday, with spot May up four points to 42.87 cents, July down 21 points to 43.75 cents and December up 15 points to 48.10 cents…..Full Article: Source


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