1615 EDT [Dow Jones] - Cotton futures rebounded Tuesday, briefly trading
above the $1-a-pound level for the first time since Friday before retreating
slightly. Prices have steadily fallen from 15-year highs as participants
profit-take and exit the market. Now that the sellers are gone, analysts say,
futures can track upward on renewed buying. With the USDA's production report
due Friday, the market is likely to trade in a narrow range until then. ICE
December cotton settled 0.73 cent, or 0.8%, higher at 98.56 cents a pound.