Tuesday, 3 May 2011
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Cotton Jumps on U.S. Weather; Orange Juice Gains
Cotton jumped by the exchange limit on renewed concern that dry weather in U.S., the world's biggest exporter, may crimp output and as a weaker dollar boosted demand for commodities.Orange juice also gained. The heat and dryness in the southern U.S. may "hurt" cotton plants, said David Streit, a senior lead forecaster for Commodity Weather Group LLC. Futures in New York slumped as much as 33
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