1448 EDT [Dow Jones] - Cotton futures rebounded Friday as traders bought on
renewed concerns that global demand is outpacing supply. After a sell-off
yesterday following India's announcement it did not plan to completely ban
cotton exports, the market once again posted gains based on the commodity's
worldwide shortage. Bad weather throughout Asia has hurt harvests, and India--
the world's second largest cotton grower and shipper-- has asked to delay its
export process. That has left mills scrambling to buy their share of cotton,
even if it's at higher prices than normal. ICE October cotton settled 3.53
cents, or 3.6%, higher at $1.0130 a pound.