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Cotton Faces Monday Weakness

Source: Nasdaq

Commodity FuturesCommodities & Raw MaterialsEconomic Data

Cotton futures declined by 23 to 174 points on Monday despite crude oil rising $1.84 per barrel. The U.S. dollar index gained 0.609, adding pressure to dollar-denominated cotton, while Crop Progress data showed 57% of the U.S. cotton crop had bolls opening as of Sunday.

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