Cotton futures fell on signs that demand is slowing from China, the world’s biggest consumer, after prices posted their biggest weekly rally in 39 years. Orange-juice futures rose to a three-year high.
A doubling of cotton prices since Feb. 1 may mean more expensive clothes, sheets and towels as textile mills including India’s Arvind Ltd. and retailers such as Next Plc pass along higher costs to their customers.
Corn rose the most allowed by the Chicago Board of Trade as concerns mounted that food costs will climb after the latest U.S. government forecasts on supplies and acreage. Soybeans and wheat also jumped.