Cotton rose, capping the third straight weekly gain, as export demand surged and inventories dwindled in the U.S., the world’s largest shipper. Orange-juice futures dropped.
Cotton-futures trading plunged to a 15-week low last week as prices extended their decline from a record and headed for the biggest monthly drop since January, exchange data show.
Cotton prices surged, capping the biggest weekly gain in 39 years, on mounting concern that exports will be limited from India, the world’s second-largest grower.
The New Museum gathered cult followers of Christian Marclay’s 24-hour film “The Clock” to Cipriani Wall Street last night.
Cotton prices declined as favorable crop conditions in the U.S., the world’s largest exporter, may boost supplies, and as global equities tumbled. Orange-juice futures dropped for the second straight session.
Cotton prices rose in New York on speculation that supplies will be tight. Orange-juice futures climbed the most in two months.
Cotton futures jumped to a three-week high as U.S. exports climbed, signaling ample global demand continues to outpace supplies.
Cotton rose the most allowed by ICE Futures U.S., touching a three-week high, on signs of robust demand. Orange juice fell.
Cotton futures fell the most in almost three weeks after the U.S. government raised its crop forecast. Orange juice gained.
"The cotton market is under harvest pressure."
- Keith Brown on Oct 28, 2013