Cotton hits 2009 lows as supplies rise *LINK*

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Cotton has tumbled 23 percent this year, the most among 22 raw materials in the Bloomberg Commodity Spot Index, on concern that harvests will exceed use for a fifth straight year. The International Monetary Fund cut its outlook for 2014 global economic growth as expansions weaken from China to the U.S.

Cotton prices last traded around 50 cents a pound in April 2009. On Friday, cotton for delivery in December, the most actively traded contract on the ICE Futures U.S. exchange, fell 1.1%, to 65.35 cents a pound. It was the lowest closing price since Oct. 12, 2009, and down 3.5% for the week. The front-month contract, for October delivery, ended down 1.9%, at 65.16 cents a pound.

http://blog.propurchaser.com/2014/cotton-low/

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