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Market Impact: 0.28
Cotton Falls on Thursday with Slow Export Business
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsCurrency & FXEnergy Markets & Prices
Cotton futures declined across front-month contracts on Thursday, falling by 179 to 219 points, alongside a $1.34-per-barrel drop in crude oil. Weekly U.S. export sales totaled only 71,231 running bales, indicating weak demand and adding pressure to cotton prices. The U.S. dollar index fell 0.024, providing limited offset to the broader bearish commodity backdrop.
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