Cotton Futures At Critical Juncture
By Naomi Blohm
Farm Futures
Cotton futures, like many commodities, fell sharply lower during the month of March due to COVID-19 demand concerns. With the world coming to a halt, global clothing factories closed their doors, as consumer demand for new clothes was also put on pause. Would China curtail cotton imports for its clothing factories? That fear sent cotton futures plunging to prices not seen since 2009.
Fortunately, cotton futures found their price low in early April and have been on a committed, steady price climb ever since.