July cotton futures bounced 1.1% to $1.88 a pound after settling in the red the day before. Later, it fell 0.7% to $1.842.
"Cotton is bouncing with the rest of the commodity sector," said FCStone Senior Risk Management Consultant Andy Ryan said earlier.
However, "the physical cotton world is still quiet according to many commercial traders."
Chinese cotton imports fell 15% year-over-year to 276,400 tons in March, said Reuters, citing a China National Cotton Reserves Corp. industry Web site. However, March imports rose 50%, or 92,200 tons from February, according to the report.Various apparel companies were trading in positive territory. Coach (COH - Get Report) was popping 3% to $53.66 and Hanesbrands (HBI - Get Report) was up 0.2% to $27.49.
(Published at 11:03 am) Soybean futures were breaking a two-day losing streak as the weak dollar attracted buyers and the oil seed followed oil higher. May soybeans were rising 0.8% to $13.39 ¾ a bushel, rebounding with oil. May light sweet crude oil was rising 0.5% to $106.81 a barrel.
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