Cotton Advances to Record for Third Day as Demand May Increase

Cotton futures surged to a record for a third straight day as increased U.S. export sales boosted speculation that demand will continue to grow.

Cotton for March delivery rose as much as 2.7 percent to $1.9263 a pound on ICE Futures U.S. and traded at $1.8861 at 11:18 a.m. in London. The fiber has jumped 12 percent this week, the biggest increase since week of Dec. 3.