Cotton Rises on U.S. Growth, Planting Delay; Coffee Gains
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Cotton rose for a second day as an improving economic outlook signaled rising demand, while rain delays plantings in the U.S., the world’s top exporter. Coffee, cocoa and orange juice also gained. Sugar slid.
U.S. payrolls expanded by 165,000 workers in April, beating the median forecast of 140,000 in a Bloomberg survey, Labor Department figures showed today. Wet weather will slow fieldwork next week in Tennessee, Alabama, Georgia and the Carolinas, while light showers will not end dry conditions in West Texas, the top-growing region, Bethesda, Maryland-based Commodity Weather Group LLC forecast.