Cotton is a key agricultural commodity, used in many aspects of modern life from clothing to bedding to upholstery. After making a new all time low of 13.5 mg/lb in 2009, cotton went on a tear in 2010, easily punching through resistance at 30 mg/lb, almost quadrupling in value. But in 2011, prices collapsed, and have continued to fall, setting new all time lows at the end of 2012.
Cotton in milligrams of gold per pound from January 2006 to present:
click on the chart to download a pdf
