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Market Impact: 0.18
Cotton Face Tuesday Weakness
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsEconomic Data
Cotton futures were mixed Tuesday, with nearby and thin October contracts up 46 points while other contracts fell 3 to 17 points. Crude oil rose $4.09 per barrel and the U.S. dollar index increased $0.249, while weekly Crop Progress data showed 57% of the U.S. cotton crop at the cited stage. The mixed price action and routine crop update suggest limited broad market impact.
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