Sorry to disagree but the futures market only showed a 4 percent increase in trading on Cotton. I commented in an earlier thread on th is subject.. that the markets have been trading significantly lower than the record high of $2.21 per pound ... the markets had been treading in the recent month at .94 cents per pound..
The cost of raw cotton is only partially impacting the finished costs to the consumer, since the raw cotton makes up only about 20 - 25% of the finished costs. The commodity that will be more wide sweeping in the impact on prices is oil, it affects every single step of the process from planting, fertizing, transport to mill, transport to print,to warehouse to store ... etc.
The cotton futures market has a long way to go from .94 per pound ( what the futures traded today) till it hits the all time high ( over a year ago of $2.21) per pound.