Cotton Climbs to Three-Month Peak as Dollar Weakens and Speculators Pare Shorts
ICE cotton futures rose more than 3% to reach the highest level since early November, supported by a softer U.S. dollar, a reduction in bearish positioning by money managers, and upward pressure on crude oil that bolsters the cost of polyester, a cotton substitute. Talks between U.S. and Chinese officials in Paris and comments from a Georgia-based …