1656 EDT [Dow Jones] Cotton futures rose to settle at the highest price
possible per exchange rules on Monday. Cotton for December delivery settled 4
cents, or 3.2%, higher at $1.2926 a pound on ICE Futures U.S. Futures are
poised to test the post-Reconstruction Era settlement high of $1.2959 a pound,
hit on Oct 26. This time, ICE cotton took its cue from the Zhengzhou Commodity
Exchange in China, where cotton hit limit up earlier in the global trading day.
Speculative investors there took faith in comments from the Ministry of
Commerce, which said that commodity prices were likely to stay high through the
fourth quarter and early 2011.