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Market Impact: 0.22
Cotton Weakness Extending to Friday AM Trade
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesFutures & OptionsCurrency & FXEnergy Markets & Prices
Cotton futures extended declines on Friday morning, falling 13 to 65 points after front-month contracts lost 179 to 219 points on Thursday. Lower crude oil prices, down $1.34 per barrel, accompanied the broad weakness, while the U.S. dollar index slipped 0.024. The move signals near-term bearish pressure in cotton futures but is unlikely to have broad market implications.
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