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Market Impact: 0.3
Cotton Holding onto Tuesday Weakness
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesEnergy Markets & PricesCurrency & FXEconomic Data
Cotton futures are weaker, with the nearbys down 81 to 92 points at midday. Crude oil is down $2.86 and the US dollar index is $0.034 lower. Weekly Crop Progress showed 81% of the US cotton setting bolls as of Sunday, with 20% of the crop having bolls opening, adding incremental supply-buildup context to the bearish tape.
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Overall Sentiment
mildly negative
Sentiment Score
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