Mike Stevens News
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China, the world’s biggest cotton user, is seeking to buy 1 million metric tons of new-crop output from the U.S. to boost government stockpiles, according to two executives familiar with the matter. Prices climbed.
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Cotton futures rose to a two-week high as exports soared fivefold from the U.S., the world’s biggest shipper. Orange-juice prices fell to a three-week low.
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Cotton futures tumbled to a 31-month low on signs that a slowing world economy will expand a surplus of the fiber, reducing costs for clothing retailers including J. Crew Group Inc. and American Eagle Outfitters Inc.
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The New York Giants will decorate their game tickets with photographs of fans for the first time next season, the National Football League team’s chief marketing officer said.
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Cotton rose to a two-month high on concern that supplies in the U.S., the world’s largest exporter, will be tight until the autumn harvest. Orange-juice futures also gained.
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Cotton futures rose the most in a week as demand increased at textile mills in China, the world’s biggest consumer. Orange juice gained.
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Cotton prices rose from a five-month low as a rally in equity markets in Asia and Europe spilled over to commodities. Orange juice also gained.
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Cotton prices fell for the first time in three sessions amid favorable U.S. growing conditions and signs of a bigger increase in acreage than forecast. Orange- juice futures climbed.
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Cotton futures slid to the lowest since late December amid signs of slowing demand for supplies from the U.S., while expected rainfall boosted the outlook for crops in Texas. Orange juice advanced.
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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.
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