Interesting Article on Cotton Prices
09-22-2010, 09:27 AM
#1
Junior Member
Thread Starter
Join Date: Dec 2009
Location: Nebraska
Posts: 143
The following article has some interesting information that will affect all quilters.
http://newyork.cbslocal.com/2010/09/...r-wallet-hard/
from the article:
"Cohen’s message is to buy now, before Christmas because cotton prices are expected to surge after the first of the year."
Nancy
http://newyork.cbslocal.com/2010/09/...r-wallet-hard/
from the article:
"Cohen’s message is to buy now, before Christmas because cotton prices are expected to surge after the first of the year."
Nancy
09-22-2010, 10:48 AM
#2
Super Member
Join Date: Mar 2010
Location: North Carolina
Posts: 2,375
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....
: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....
09-22-2010, 11:03 AM
#4
Super Member
Join Date: May 2009
Location: Orchard Park, NY (near Buffalo, which is near Niagara Falls)
Posts: 3,884
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) "
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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