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Cotton Slipping Back on Wednesday Morning

Energy Markets & PricesCommodities & Raw MaterialsMarket Technicals & Flows

Cotton futures were mixed on Wednesday: cash prices were down 19–28 points early, while the most recent futures settlements were up 99–299 points, with some contracts limit-up at the highs. The broader complex was also volatile, with crude oil up $3.65 after Iran struck vessels, contributing to mixed outside-market signals.

Analysis

Cotton futures were mixed on Wednesday: cash prices were down 19–28 points early, while the most recent futures settlements were up 99–299 points, with some contracts limit-up at the highs. The broader complex was also volatile, with crude oil up $3.65 after Iran struck vessels, contributing to mixed outside-market signals.

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Market Sentiment

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mildly negative

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