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Market Impact: 0.24
Cotton Falling Back on Monday
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows
Front-month cotton futures were down 98 to 109 points in Monday midday trading, while crude oil rose $1.59 per barrel and the U.S. dollar index gained 0.609. Commitment of Traders data showed managed money reduced its net-long cotton exposure by 7,806 contracts, signaling weaker speculative positioning and adding pressure to prices.
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