Summary Box: Cotton prices set record high

AP News
Posted: Oct 25, 2010 4:02 PM
Summary Box: Cotton prices set record high

COTTON CLIMBS: Cotton prices set a record high amid concerns that weather may have damaged the Texas harvest. Cotton prices have been rising on tight global supplies and robust demand.

WEAKER DOLLAR: Most commodities flourished on a weaker dollar. Since commodities are priced in dollars, a weaker dollar makes them more of a bargain for buyers using foreign currencies.

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GAS DIP: Natural gas was the lone exception, settling 1.5 cents lower at $3.317 per 1,000 cubic feet.

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