Cotton Is Piling Up at Warehouses Around the World

Updated on
  • World stockpiles forecast at 2nd-largest ever at end of season
  • U.S. output woes not enough to spur prolonged rally: Magnusen

A worker wades through cotton at a ginning mill in Pilibanga, Rajasthan, India, on Wednesday, Nov. 5, 2014.

Photographer: Prashanth Vishwanathan/Bloomberg

There’s enough cotton sitting in global warehouses to make more than 127 billion T-shirts, or 17 for each person on the planet. That’s bad news for investors betting prices will rise.

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