Cotton gives stellar performance in 2017
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Denver
THE longest winning streak in two decades propelled cotton to 2017's biggest increase among crop commodities, and hedge funds are ready for more gains in 2018.
Of the nine components tracked by the Bloomberg Agriculture Subindex, only cotton and wheat contracts posted gains last year. The fibre lead the way with an 11 per cent advance as demand grew for US exports. Prices capped 2017 with 10 straight weekly gains, the best streak since 1998.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
