How much is a module of cotton worth
Cotton is about 72.62 cents per pound. A module of cotton weighs about 16,000 pounds. A module would cost about $11,619. One module can produce 13 bales of ginned cotton.
A small group of cotton farmers is suing Cargille Inc, claiming its risky trading style has cost them more than $35 million and nearly bankrupted some farmers. The Autauga Quality Cotton Association has filed an arbitration request that alleges that Cargill acted negligently. Allegedly, Cargill was expected to put hedges on the futures market to ensure that the farmers got a good price for their cotton. Cargill removed their hedges which made cotton prices fall. Cargill denies any wrongdoing.