US cotton hits 150-year high, $2 targeted for next week - Reuters

Link this * Virtual absence of supplies stokes cotton rally * Players say $2 a lb cotton to be hit next week NEW YORK, Feb 11 (Reuters) - U.S. cotton futures rallied Friday to a 150-year peak on trade and speculative buying as very tight supplies...

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NEW YORK, Feb 11 (Reuters) - U.S. cotton futures rallied Friday to a 150-year peak on trade and speculative buying as very tight supplies were expected to push the market to the unheard of level of $2 a lb by next week, analysts said. The key March cotton contract CTH1 on ICE Futures U.S. rose 6.42 cents to $1.94 which marked the highest price since the Civil War. The early low was $1.8796.

US cotton hits 150-year high, $2 targeted for next week - Reuters