Cotton prices reach historic highs

The all-American T-shirt-and-jeans combo will soon cost consumers more, thanks to rising cotton prices. Out this month, a federal government report showed global cotton production will be even lower than previously stated. Cotton has more than doubled in price during the past year, reaching all-time highs. Yesterday, May 2011 cotton futureshurdled the $2-a-pound mark. What does this mean to

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