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Posts Tagged ‘cotton hits peak’

All the extreme weather is beginning to stack up and hit us, look for more news like this as we begin to realize the effects…

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Flashback to 1870 as Cotton Hits Peak

Cotton prices touched their highest level since Reconstruction on Friday, as a string of bad harvests and demand from China spark worries of a global shortfall.

Stocks end mixed as financials stumbled for a second-straight day while a big jump in Google shares lead technology stocks and the Nasdaq higher. Plus, cotton hit a 140-year high. Mike Reid wraps up all of the day’s market action.

The sudden surge in prices—cotton has risen up to 56% in three months—has alarmed manufacturers and retailers, who worry they may be forced to pass on higher costs to recession-weary consumers.

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