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|Product Type: Commodity CFD||Market: ICE|
|Currency Type: USD||Measurement Unit: Pound (lb)|
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.