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Cotton Fading Lower on Tuesday

Source: Nasdaq

Commodity FuturesCommodities & Raw MaterialsEnergy Markets & PricesCurrency & FX

Cotton futures were 3 to 75 points lower on Tuesday, while crude oil rose $4.54 per barrel and the U.S. dollar index gained 0.219. Weekly Crop Progress data showed 57% of the U.S. cotton crop had bolls opening as of Sunday, providing an update on crop development amid modest pressure on cotton contracts.

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mildly negative

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