Cotton futures rose to a two-week high as exports soared fivefold from the U.S., the worldΆs biggest shipper.

Net sales of upland cotton jumped to 1.02 million running bales in the week ended June 7 from 199,233 a week earlier, the U.S. Department of Agriculture said in a report. A running bale weighs 500 pounds, or 227 kilograms.

“WeΆre up because of the absolutely monster sales that were reported,” Mike Stevens, an independent trader in Mandeville, Louisiana, said in a telephone interview. “This shows a tremendous amount of business.”

Cotton for December delivery rose 0.3 percent to settle at 70.6 cents a pound at 2:51 p.m. on ICE Futures U.S. in New York. Earlier, the price reached 73.08 cents, the highest for a most- active contract since May 30.