Sunday, June 12, 2011

Today's M^3 - Wool Futures up 31% Since Jan

Get ready for the appearance of "Cash For Yarn" stores. Wool futures are up over 31% since January and have passed silver to make it the best performing commodity over that time range.

(Click on the image for a larger view. Click here for the current performance of commodity futures.)

According to Msn Finance, a couple of reasons for the rise in price are 1) weather disruptions in Australia affecting output and 2) the pull-string doll response for all commodity price increases: rising demand in Asia.

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