This morning cotton has made a new all time high on the trading session. Cotton futures(CT H1) is once again higher by 7.00 points to $204.45. The iPath Dow Jones-UBS Cotton Subindex Total Return ETN(NYSE:BAL) is trading higher $3.47 to $107.43 a share. BAL has increased higher by 200.00 percent since mid-July 2010.
This morning two of the leading commodities are starting the morning higher. Copper is making a new high for the year this morning as the March 2011 contract hits $4.63 a pound. The popular iPath Dow Jones-UBS Copper Subindex Total Return ETN(NYSE:JJC) is starting the morning higher by 0.39 cents to $61.43 a share. The JJC will some minor intra-day resistance around the $61.50 level.