Read this today:

NEW YORK—Cotton prices hit an all-time high, edging toward $2 a pound and raising the question of whether the fiber's soaring cost will cool demand.

Cotton for March delivery touched $1.9445 a pound in InterContinental Exchange trading on ongoing concerns that demand will outpace supplies. Prices settled up 1.3%, or 2.39 cents, at $1.8997 a pound as some speculators locked in profits.

Strong demand, particularly from China, and tight supplies have pushed cotton prices up 31% this year. The price has more than doubled over the past 12 months.

The rally puts mills that have purchased cotton "on call"—without fixing .

And I pulled cotton when I was a kid for $2 per 100 pounds.
Gosh!

LQS is selling leftovers from the big spring sale for $2 a yard. This makes me want to go see if there's anything good left.

The higher prices on cotton will have to impact our favorite hobby, unfortunately.

Better stock up now!

I decided to go into business as a Long Arm Quilter so naturally prices would go up!...I jinxed it, sorry about that.

Oh well, Deb, if not you then somebody else would have done it... right?

For now, the price has peaked. We're no longer watching prices for March delivery (which was the highest point). We're looking further into the future now. For the latest info, here is a link to the U.S. Cotton Market Monthly Economic Newsletter dated May 13th, 2011: http://www.cottoninc.com/MarketInfor...conomicLetter/

Hi Favorite Fabrics, from Marion and John in Western Australia. Small world!!

Well hi there, Marion & John!

I have noticed in Canada that all our cotton prices have jump very high...Guess good reason to use up my stash...LOL