Cotton ETN Leaps 6% As Prices Hit New Record
February 16, 2011 at 14:00 PM EST
The exchange traded note (ETN), iPath DJ-UBS Cotton (NYSEArca: BAL), which gives investors exposure to the rising price of cotton, is hopping today as prices surge to new highs. Cotton is already high – it’s gained 36% this year alone. In the last year, prices have doubled. That trend...