Cotton ETF (BAL) Skyrockets On Chinese Demand, Australian Crop Concerns

It’s hard to argue that 2010 was the year of the commodity, as products ranging from gold to oil and everything in between saw their prices surge on the back of rising fears over inflation and supply concerns for many of the world’s key soft commodities. However, the pace of gains has slowed considerably in 2011 for most commodities except for one; cotton is continuing its unprecedented surge higher this year as well. Cotton, a crucial commodity for textiles around the world, started 2010 around 75 cents a pound and after moderate gains in the first half of the year, took off in the second half of 2010, surging to $1.76 a pound. While some thought that the commodity was due for a pullback after these incredible gains, the fluffy commodity merely continued its run up to current prices above $2/lb. instead. This incredible surge came about early in Thursday [...] Click here to read the original article on ETFdb.com. Related Posts: Commodity ETF Ideas: Profiting From Backwardation Commodity ETFs Get No Love From Investors Six ETFs That Surged In January ETFs To Watch As Egyptian Drama Plays Out Best ETF Performers Of 2010: Winners For Every ETFdb Category