2:49 p.m. EDT [Dow Jones]--Cotton futures rebounded Monday as small early
gains turned into a definitive upward move on a series of automatic buy orders.
After hitting an all-time high early Friday, prices plunged their maximum
amount on profit taking. Traders looked to establish more stable trading this
week, as supplies are expected to remain tight into the near future. But the
initial move higher triggered automatic buying at certain levels, lifting the
market significantly once again. ICE December futures settled 3.5 cents, or
3.2%, higher at $1.1337 a pound.