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iPathA Series B Bloomberg Cotton Subindex Total Return ETN
The cotton futures market has been one of the victims of the global pandemic. In an article for Seeking Alpha on April 13, I suggested that the price of cotton was at a level that offered value. I proposed three reasons including that cotton was at the bottom end of its multiyear pricing cycle, optimism over an end to the global pandemic would rise, and because the value of fiat currencies would continue to fall on the back of massive injections of liquidity from central banks. On April 13, the nearby July cotton futures