U.S. cotton futures climbed further toward 82 cents per pound, reaching their highest level since April 23rd, driven by growing concerns about supply and technical buying.  Flooding in the far southern regions of Brazil is expected to affect the upcoming planting of various crops. Meanwhile, traders noted signs of increasing demand from China.  

Still prices are about the same as they were a year ago, and are at the same level as they were at the start of this year.