Cotton ETN Surges as Drought Decimates Crops
August 16, 2022 at 18:38 PM EDT
Cotton prices and a related exchange traded note have surged over the past month as drought conditions decimate crops, with the latest harvest expected to be the smallest in 13 years. The iPath Series B Bloomberg Cotton Subindex Total Return ETN (BAL) was 3.0% higher on Tuesday and surged 27.7% over the past month. Meanwhile, [...] The post Cotton ETN Surges as Drought Decimates Crops appeared first on ETF Trends .
