15.07.2016 - Guess what’s on pace to book the biggest gain among commodities this week
Cotton futures boast the largest gain among major commodities this week, after rallying Thursday to their highest level in more than two years thanks to a slowdown in global production and signs of stronger demand. Analysts said that the commodity is likely due for a correction after such a spectacular rise, but its lofty prices may be here to stay. On Thursday, cotton for December delivery rose 1.2% to trade at 74.04 cents a pound on the ICE Futures U.S. exchange. Prices were poised to log their highest settlement since June 2014, and readied for a weekly gain of 12.5%, according to FactSet data...............................................Full Article: Source
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