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Market Impact: 0.22
Cotton Rounds Out Wednesday with Gains
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesEconomic Data
Cotton futures rose 25 to 93 points on Wednesday, indicating firm near-term price momentum. At the same time, crude oil fell 45 cents/bbl and the US dollar index was $0.227 higher, while a relatively dry 7-day Texas outlook with limited scattered light totals supported cotton demand/weather-related risk pricing.
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