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iPath Pure Beta Cotton ETN (CTNN)

- NYSEARCA
  • Apr. 29, 2014, 7:15 PM
    | 5 Comments
  • Jun. 15, 2012, 5:43 AM
    China, the world's largest cotton user, is reportedly looking to buy 1M metric tons of cotton from the U.S. to boost government stockpiles. Sources say 160K tons have been bought since last week. "The Chinese government has become the most important factor in global demand and supply," says analyst Dong Shuangwei, even as "the fundamentals still paint a rather gloomy picture." Cotton futures +2.43%.
    | 2 Comments
  • Mar. 11, 2012, 8:50 AM
    India decides to kill a one-week old cotton export ban following protests from farmers and traders. The move will allow growers to get a market price for their product instead of being corralled into selling domestically for less. The ban had led to a spike in cotton prices, which has since reversed.
    | 3 Comments
  • Mar. 6, 2012, 11:04 AM
    India will reassess the Trade Ministry's ban on cotton exports on Friday after Farm Minister Sharad Pawar slammed the move as "highly objectionable" and said it would hurt local producers. Cotton futures are -1.2% and giving up some of yesterday's gains.
    | Comment!
  • Mar. 5, 2012, 11:32 AM
    India banned cotton exports to ensure supplies for local mills, having already exported 9.4M bales and passed its quota. U.S. producers could benefit, although VIP Commodities says the country is "almost out of cotton." Opinion is split over whether the ban will force prices higher still or whether weak demand at mills will cap them.
    | Comment!
  • Mar. 5, 2012, 6:49 AM
    India, the world's No. 2 producer of cotton, bans all cotton exports, effective immediately. No explanation of the embargo has been offered. Cotton futures jump 4.5% to $0.92.
    | 5 Comments
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CTNN Description
iPath® Pure Beta Cotton ETN is linked to the Barclays Capital Cotton Pure Beta TR Index (the "Index"). The Index is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts in the Cotton markets.
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