1452 EDT [Dow Jones] - ICE Dec cotton posted slight losses Friday on mild
profit-taking ahead of the holiday weekend. Dec cotton edged to a new two-year
peak of 89.95 cents before losing ground near the close. A firm equity market
and strong gains in Chicago grains provided background support in cotton.
Informa Economics pegged the upcoming 2010-11 US cotton crop at 18.82 million
bales with a yield of 855 pounds per acre, traders say. The estimate is up
290,000 bales from the USDA's Aug projection. Markets are closed Monday for
Labor Day. Most active Dec cotton lost 0.04 cent, or 0.04%, to 89.45 cents a
pound.