Cotton, Coffee, and Other Soft Commodities Keep Surging

This morning is another day where commodities seem to be making new all time highs. Cotton futures(March contract) are surging higher this morning by another $4.70 to $190.75. This is another new high for the year. Coffee for March delivery is making another new 52 week high this morning soaring by another $3.75 to $262.40.

U.S. consumers better stock up on bed sheets and cotton products now before these prices show up at stores such as WalMart Stores Inc. (NYSE:WMT), and Target Corp. (NYSE:TGT). These companies have really no choice but to pass on the high inflation costs on to consumers.

Trader and investors that want to trade cotton can use the iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE:BAL). Traders and investors that would like to trade coffee can use the iPath Dow Jones-UBS Coffee Subindex Total Return ETN (NYSE:JO). Soft commodities continue to inflate at this time and this inflation is being felt in various nations around the world. Eventually, high inflation will be felt here in the United States.

About Nicholas Santiago 576 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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