Monthly Cotton Prices: April

(May 1 2012) Exclusive to GEOnomic Investing:

Cotton prices saw volatile swings in April, with traders constantly adjusting their positions, and prices reacting in a knee-jerk fashion to technical buying and selling. In the end, the price differential between April 2nd (the first trading day of the month) and April 30th (the last trading day) was small. On April 2nd cotton was $0.931 a pound, compared to the $0.897 it closed the month off at.  A year ago, cotton was selling for about $2.00 per pound.  Speculators were net-long on cotton as of April 24th; and were net-short the week prior, then net-long in all of the five previous weeks according to the Commodities Futures Trading Commission.

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