Still, investors would do well to remember BAL imitating JO’s move is not likely to happen. [Technical Take on Coffee ETNs]
“Price target-wise I don’t think we can just assume that it (cotton) will do what Coffee just did: up over 100% in a few months. But I do think there’s plenty of upside. The fact that this space is and has been the best place to be in the entire world this year, we have the wind to our backs,” said Parets.
iPath Dow Jones-UBS Cotton Total Return Sub-Index
ETF Trends editorial team contributed to this post.