April 25 (Reuters) - Cotton futures rose on Monday, snapping
two days of losses, supported by a weaker dollar and strength
across agricultural commodities amid concerns over tightening
stocks of the natural fiber.
"We have seen an influx of money in the commodities sector.
I think it was a continuation of this," said Louis Barbera of
ICAP Cotton.
U.S. corn futures rose 2 percent on Monday, supported by
concerns that rain around the U.S. Midwest could delay planting,
traders said. Soybeans also rose, supported by short covering
after falling sharply on Thursday and Friday. Wheat closed
higher, following the rally in corn.
* The July cotton contract on ICE Futures U.S.
settled up 0.35 cent, or 0.55 percent, at 64.04 cents per lb,
touching a high of 64.35 cents a lb.
* Total futures market volume fell by 4,910 to 26,822 lots.
Data showed total open interest gained 88 to 189,732 contracts
in the previous session.
* The dollar index was down 0.31 percent. The Thomson
Reuters CoreCommodity CRB Index, which tracks 19
commodities, was down 0.44 percent.
* Certificated cotton stocks
of April 22 totaled 46,136 480-lb bales, up from 44,904 in the
previous session.
(Reporting by Vijaykumar Vedala in Bengaluru; Editing by Chris
Reese)