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After hitting historic highs this spring, cotton prices have plunged 38% this month, the result...

After hitting historic highs this spring, cotton prices have plunged 38% this month, the result of higher production and lower demand, and forcing clothing makers to reconsider pricing plans put in place earlier this year. "In an ideal world, we'll be able to hold the current prices and recoup the gross margin we've lost," VF Corp.'s (VFC) Eric Wiseman says.
Comments (2)
  • SA Editor Stephen Alpher
    , contributor
    Comments (539) | Send Message
     
    BAL off 30% since this prescient post (lightly pats self on back).Of course it spiked 30% higher first.

     

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    21 Jul 2011, 05:40 PM Reply Like
  • Chris Bersaw
    , contributor
    Comments (582) | Send Message
     
    Cotton for Dec delivery is looking very attractive at these levels but first let it find a bottom in case there is more downside, at 80 cents/lb I'll be buying with both hands well maybe one hand just in case am early to the party.
    21 Jul 2011, 08:04 PM Reply Like
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