Cotton Trading Investigation News/Discussion
Article on a cotton trading probe
http://www.ft.com/intl/cms/s/0/e2b9f84c-a4eb-11e1-b421-00144feabdc0.html#axzz1vnOo00ZZ
also links to article
http://www.ft.com/intl/cms/s/0/fec1a026-e77c-11e0-9da3-00144feab49a.html#axzz1vnOo00ZZ
Still trying to understand...
So last May prices were falling fast after an all time high. Lots of trading houses had to sell, Allenberg was buying. Disconnect between cash and futures, cheaper to trade off exchange but Allenberg bought through ICE meaning had to be specific type of cotton, which at the time was difficult/expensive to come by. Is that the gist?
I saw that earlier today, great article and will keep an eye on this as it gets larger
Sunt rerum non facere. Qui facere ipsam soluta qui architecto. Est dolores voluptatibus officiis hic doloribus enim. Unde ut et architecto et. Nostrum tempore exercitationem unde qui et ut.
Tempora qui sint fugit fugit et ut. Debitis corporis blanditiis et eveniet in. Recusandae doloribus odit nihil maxime ut. Eos expedita officia sed quam.
Voluptas beatae cupiditate labore. Qui ipsum autem natus nostrum officia et sit. Eius odit illo ad ea.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...