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Cotton Falling Lower on Thursday Morning
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMonetary PolicyCurrency & FXEnergy Markets & Prices
Cotton futures fell 114 to 135 points Thursday morning after trading steady to 66 points lower in the prior session, led by the October contract. The decline coincided with crude oil falling $3.69 per barrel and a $0.719 rise in the U.S. dollar index, while the Federal Reserve delivered an expected rate increase. Higher dollar strength and weaker energy prices create a near-term headwind for cotton prices.
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