Since our post on February 19, Cotton is up 9.6% (underlying) excluding leverage. Could it have gone the other way? Of course, but the odds were in our favor – look at the data:
Cotton Update: up 9.6% sans leverage
Since our post on February 19, Cotton is up 9.6% (underlying) excluding leverage. Could it have gone the other way? Of course, but the odds were in our favor – look at the data:
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