Cotton Rises for Fourth Session on China's Imports, Drop in U.S. Plantings

(Bloomberg) -- Cotton rose a fourth-straight session
in New York, extending a rally to a three-year high, on
speculation China will boost imports as U.S. farmers plant less
of the fiber.

The U.S. will ship 32 percent more cotton in the year
starting Aug. 1 as China supplies its growing textiles industry,
the International Cotton Advisory Committee said July 2. U.S.
farmers planted 28 percent less land with cotton this year than
last, the Department of Agriculture said June 29.


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