Cotton ETN Grows on Tightening Inventories
July 13, 2016 at 14:08 PM EDT
A cotton exchange traded note has surged over the past week as concerns over smaller stockpiles fueled a spike in speculative buying. The iPath Bloomberg Cotton Subindex Total Return ETN (NYSEArca: BAL) rose 3.1% Wednesday after rising 8.7% over the past week. Meanwhile, ICE cotton #2 futures were...
