Thursday, July 19, 2012

NY cotton up on soaring grains, Indian weather watch

* Weak monsoon ignites fears about India's crop
* Record soybeans could hurt cotton plantings later in year

NEW YORK, July 19 (Reuters) - Cotton futures rose almost 1
percent on Thursday on the soaring grains market and as
investors shifted their weather watch to India where brokers
fear weak monsoon rains could hurt output from one of the
world's largest producers.
Concerns are mounting about a drought in India after
rainfall was 22 percent below average across the country in the
w

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