Cotton futures jumped on Thursday to their highest price since May 3, fuelled by investor buying across commodities markets and hopes that China may boost import quotas, lifting demand from the United States and other top exporters. "Many commodities were stronger today against a slightly weaker US dollar," said INTL FCStone Senior Risk Management Consultant Andy Ryan. He also noted mounting market speculation that Beijing may release additional import quotas for processing as being behind the g
Cotton futures rose to a 2-1/2-week high on Tuesday on investor buying and support from stock and energy markets. "The rally in the stock market and a strong energy market are helping," said Jobe Moss, a broker with MCM Inc in Lubbock, Texas. The cotton contract for July delivery on ICE Futures US settled up 1.56 cent, or 2.54 percent, at 63.01 cents per lb after trading within a range of 61.15 and 63.2 cents a lb. The dollar index was up 0.35 percent. The Thomson Reuters CoreCommodity CRB Index