1437 EDT [Dow Jones]--Cotton futures rose Wednesday on strong Chinese demand
as the market continued its push toward fresh highs. China, the world's largest
producer and consumer, needs to import more than normal because of
crop-damaging rains earlier in the year, and has been buying cotton at
historically high prices. With Pakistan's harvest also hurt by flooding, much
of the export demand falls to the U.S., and traders have continued moving
prices upward as a result. ICE December cotton settled 1.29 cents, or 1.2%,
higher at $1.1087 a pound.
DJ MARKET TALK: Cotton Rises As Chinese Demand Remains Strong
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