“India’s export ban is going to direct demand back to the U.S. and that is going to help to put a floor on how low prices can go this year,” said Abah Ofon, analyst at Standard Chartered Bank, in a Reuters report.
The cotton ETN was down 5% year to date heading into Monday’s trading. The note is relatively small in terms of assets with a market cap of about $41 million, according to Barclays, the issuer.
iPath Dow Jones-UBS Cotton ETN
