Cotton Futures Contract

Cotton is one of the most important textile fibers in the world, averaging about 25% of total world fiber use. The United States is the world’s third-largest cotton producer and the leading cotton exporter, accounting for one-third of global trade in raw cotton. The U.S. cotton industry accounts for more than $21 billion in products and services annually. Investors can actively trade this commodity futures contract for both speculative and hedge purposes.

Source: ICE Exchange

The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.