1.2

Cotton

CFD on the price quote of cotton no. 2 (COTTON#2).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Commodity CFD
Currency Type: USDMeasurement Unit: Pound (lb)
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Description:

Cotton is an important crop and soft commodity that is more widely used than any other fiber in the world. The most important factors affecting the price of cotton are subsidies, very dry or wet weather, competing synthetic fibres and demand from emerging markets. However, cotton production is also affected by decisions by farmers on whether they opt to grow corn (for ethanol distillation) instead. Cotton also competes with soybeans since they are planted on the same fields in the American south.
Interesting Facts:
  • Cotton futures are traded on ICE Futures US alongside other soft commodities
  • Even though the long-term price of cotton is relatively low, the price of cotton has been volatile over the past few decades, peaking in 2010 – 2011
  • China is the world’s largest producer of cotton but the United States is the world’s largest cotton exporter