By admin       2018-06-23

Small speculators and big hedge funds saw a chink in cotton’s armor and with the mention of a cotton tariff by the Chinese government the run on the bank was on. Cotton prices as well as prices for all other crops collapsed.Scale down buying kicked in as mills used the price collapse to make price fixations and were ecstatic that they did not get caught having to make fixations in the 90s.

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