BAL - Cotton prices soar to decade highs after 22% gain in 11 days

Cotton futures are trading at their highest levels in a decade, which could lead to higher clothing prices in the months to come. Most-active U.S. cotton futures (CT1:COM) closed today +3.8% to $1.09/lb, capping a 22% surge over the past 11 sessions to the best level since September 2011. ETFs: BAL, BALC Cotton is the latest raw material whose prices are soaring, but the reasons are traced more to the unexpected result of Trump-era trade policies, according to the Wall Street Journal, while surging prices for items such as lumber have been caused by high demand and supply chain tie-ups, and crops such as corn and wheat that have gained from drought conditions. President Trump banned U.S. imports of clothing from China's Xinjiang region, the country's largest cotton producing area, a policy that has been continued by the Biden administration - but the Chinese have worked around the problem, buying

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Cotton prices soar to decade highs after 22% gain in 11 days