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Interesting Article on Cotton Prices

Interesting Article on Cotton Prices

Old 09-22-2010, 09:27 AM
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The following article has some interesting information that will affect all quilters.

http://newyork.cbslocal.com/2010/09/...r-wallet-hard/

from the article:

"Cohenís message is to buy now, before Christmas because cotton prices are expected to surge after the first of the year."

Nancy
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Old 09-22-2010, 10:48 AM
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Well, I guess we better shop, shop, SHOP!

:lol:

Seriously though? I'm glad I've invested in a stash. That way I can hold tight while things are so crazy. What would happen if I didn't buy another yard until the next cotton crop? Hmmmm...interesting question....
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Old 09-22-2010, 11:00 AM
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Hey I could be a "Fabric Millionaire" Whooooo!!!!!
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Old 09-22-2010, 11:03 AM
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What we here don't know is what percentage of the price we pay per yard of fabric is due to the price of the cotton itself.

But do not abandon hope yet; I found this online while searching for cotton commodity prices:

"Sep 22, 2010 (Dow Jones Commodities News via Comtex) -- 1442 EDT [Dow Jones] - ICE October cotton backed off of its early gains, ending 1.04 cents, or 1%, down to $0.9975 a pound. A production shortfall caused by worse-than-expected weather in Asia has importers rushing to buy cotton at higher prices than normal, which has boosted demand and prices throughout the month. Today's session marked the first time since Sept. 9 that cotton futures failed to establish a new high.(CAN) "
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Old 09-22-2010, 11:18 AM
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I just wonder why we all think prices will down later? Makes me wonder...
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