Jack Scoville - The PRICE Futures Group - 2 hrs 42 mins ago
COTTON General Comments: Prices were lower on follow through speculative selling tied to fears about the world economic health and on Chinese economic health. The move lower also found support from the rally in the US Dollar against a basket of major currencies. Demand remains a primary issue as... (full story)
By locking in a price now for a commodity to be delivered at some point in the future, futures markets permit buyers to secure insurance against future adverse price changes. In other words, futures markets supply a means for the mitigation of price risks. Futures charts track futures prices over time, and supply historical data that buyers and sellers can use to project where futures prices will be in the coming days or months. Frequently updated futures charts are a very useful tool for identifying pricing trends within a certain commodity.