Soaring Cotton Prices Could Mean Clothing Is About To Get More Expensive

True Pundit March 30, 2022

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Cotton futures jumped as high as 4% Monday, reaching a new decade high, as data supplied by weather forecasters say drought conditions in Texas could tighten supplies. The front-month contract in New York hit $1.41 a pound, the highest intraday level since May 2011.

Cotton futures have soared nearly 9.5% in the last three sessions. Prices are coming back in on Monday after hitting a new decade high. Prices around 0950 ET are around $1.36. The latest spike in prices has been due to drought fears in Texas and Ukraine conflict tightening supplies.

Bloomberg cited new data from weather forecaster Ajay Kedia, director at researcher Kedia Commodity, who indicated drought conditions for West Texas would pressure supplies. Texas is the largest state in terms of production; the US is the number three producer in the world.

Weather concerns “will definitely add some fuel to the prices,” he said, adding that cotton could extend its rally to $1.53 in the coming months. – READ MORE

Categories: News

Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

HOT WIRE — Transcript IC U (Part 2)

TRANSCRIPT from previous show 00:00:01,300 –> 00:00:46,840 Welcome back, folks. Hotwire, and we’re doing… I got this weird glare, like almost like a lightning bolt that’s coming down from heaven right through the middle of my head. So trying to, uh, stop that glare, and, uh, hopefully we did it. But anyway, maybe it’s a,…

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Mike March 2, 2026

Show Intel Briefing Doc — Sept 8 2026 — The Grift of Progress: AI, Political Schemes, and Hidden Agendas

The Grift of Progress: AI, Political Schemes, and Hidden Agendas Exclusively for HOT WIRE Subscribers Only Sep 8, 2026 We explore themes of financial corruption, societal decay, and the failure of modern technology. The discussion suggests that artificial intelligence is a massive economic grift, supported by an interview with Ed Zitron who argues that the AI boom is a speculative bubble fueled by…

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Mike September 8, 2026

(PREMIUM) PAINE IN THE MORNING: 11 things you need to know this Wednesday – March 30, 2022

There is also an ad free audio version of this episode you can listen to HERE. Biden Says ‘Fiscal Responsibility’ Is One Of The Values Of His Enormous $5.8 Trillion Budget Proposal – President Joe Biden unveiled his budget plan for fiscal year 2023 on Monday, claiming that the $5.8 trillion dollar proposal would…

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True Pundit March 30, 2022

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025

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